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China will encourage State and private investment in business startups, especially those in the high-tech sector, to help finance new business and innovation, according to a State Council guideline released on Thursday.

China will increasingly coordinate with Kiribati on regional and international issues and protect the legitimate rights of developing countries, he added.

China will mete out harsher punishment to operators of illegal school buses and those involved in related violations to guarantee the safe daily commuting of primary and middle school students and preschoolers, the Ministry of Education said in a notice released on Nov 11.

China's action was in response to the Trump administration's publication of a list of about 1,300 Chinese exports - also worth about billion annually - that it intends to target with 25 percent tariffs.

China's Policy Paper on the European Union