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China's securities regulator vowed last week to stick to capital market reforms regardless of whether the country's A-shares are included in the MSCI Emerging Market Index.

Chinese Foreign Ministry spokeswoman Hua Chunying said in Beijing on Thursday that the US' "unreasonable and excessive" use of trade remedy measures will not help revitalize relevant industries at home, but rather, it will affect its employment and jeopardize the welfare of American consumers.

China's trade surplus continued to narrow last year, shrinking by 14.2 percent to 2.87 trillion yuan, compared with a 9.1 percent reduction in 2016, when the trade surplus was 3.35 trillion yuan.

China's trade in services reached a record high of 2.98 trillion yuan (6 billion) between January and July, which was bolstered by the nation's economic resilience and increasing efforts to drive the service sector.

China's renewables consumption grew by 29 percent in 2018, accounting for 45 percent of global renewables consumption growth, figures from the 68th annual edition of BP's Statistical Review of World Energy showed.