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China's move to increase tariffs to 40 percent, after the US imposed 25 percent tariffs on Chinese-built vehicles entering the country, will hurt Ford's exports to that country, said Joe Hinrichs, executive vice-president and president of global operations for the US automaker.

China's energy demand growth is expected to slow to 1.1 percent per annum by 2040, less than one fifth of its pace in the last 22 years of 5.9 percent per annum, according to the BP Energy Outlook 2019.

China's leverage ratio narrowed by 1.1 percentage points in the first quarter of the year from the same period last year, while enterprises saw their debt gauge 2.4 percentage points lower and governments' down 0.7 percentage points.

China's foreign exchange reserves fell slightly to .11 trillion in August. [Photo/VCG]

China's foreign trade growth will be backed by a wide range of trading partners and a resilient import and export structure, and a domestic market with growing demand in 2019, despite some uncertainties remaining in the global outlook, said political advisors and legislators from business circles.