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China should continue implement reforms in order to avoid risks accumulated that may drag down the grow pace in the medium-to-long period, the IMF said.

China possesses the highest private wealth in the Asia-Pacific region and the second-highest worldwide, according to an annual wealth report that was released on Tuesday by the global management and consulting firm.

China should take cautious steps to promote financial innovation amid efforts to promote opening up in Hainan province, according to law experts.

China urged the US to understand the situation and correct its mistakes. Otherwise, it will have to bear all the consequences, Zheng said.

China stands ready to work with different countries and international organizations to uphold the international system with the United Nations at its core and the World Trade Organization-centered multilateral trading system, Li said.