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China lowered the speed of high-speed trains to 300 km/h on five railway lines－Wuhan-Guangzhou, Zhengzhou-Xi'an, Shanghai-Nanjing, Beijing-Tianjin and Shanghai-Hangzhou－in July and August of 2011, due to safety and cost concerns.

China is willing to join hands with Thailand to push forward the construction of big projects including the China-Thailand high-speed railway and the Eastern Economic Corridor in Thailand within the framework of China's Belt and Road Initiative.

China will allow local governments to issue up to 200 billion yuan (.6 billion) of special-purpose bonds to purchase convertible bonds and other qualified capital instruments of small and medium-sized banks in 18 regions, said Liu Rong, deputy director of the CBIRC's city commercial bank supervision department.

China struck back with a tariff plan of equal scale on a list of US products including soybeans, automobiles, aircraft, and chemical products.

China may not encounter a major financial crisis like the one that hit the United States almost a decade ago given the former's tight financial regulation and low household mortgage ratio, a senior economist said.