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China's consumer price index, a main gauge of inflation, grew 1.7 percent year-on-year last month, the lowest level in 19 months and down from 2.4 percent in August, the National Bureau of Statistics said on Thursday.

China's insurance regulator has recently warned against fake insurance products, especially the so-called "love insurance" offered online that bets on the relationships of public figures.

China's list of products facing new tariffs contains 128 products across seven categories, according to the Ministry of Commerce. The list also includes two different tariff levels - 15 percent and 25 percent.

China's first energy and environment think tank and the Energy and Environment Expert Committee of Beijing, Tianjin and Hebei have also been set up.

China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.