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China has been the world's largest new energy vehicle market since 2015. In the first 10 months of this year, 860,000 such vehicles were sold, and the China Association of Automobile Manufacturers expects sales to hit a million in 2018.

China has been researching the potential impact of trade measures on soybeans imported from the US for more than a year, according to Burke.?

China filed a complaint to the World Trade Organization (WTO) against the EU over high poultry tariffs in April 2015, putting forth a consultation request and formally starting WTO dispute settlement procedures.

China announced revised regulations on Friday to implement the new version of the Budget Law, which will take effect on Oct 1. The move underscores the authorities' goals of tightening budget management and curbing risks in local government debt, according to the Ministry of Finance.

China has come to the right and appropriate time to move a step forward, mainly supported by relative stable economic fundamentals and better market expectations for the currency, according to Zhang Bin, one of authors of the report.