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China's commercial banks are also playing increasingly important roles in promoting bilateral financial cooperation with Singapore. Take the Bank of China for example, as of late July, its Singapore branch has raised an accumulated more than 16 billion U.S. dollars of fund for financing BRI projects.

China's list of products facing new tariffs contains 128 products across seven categories, according to the Ministry of Commerce. The list also includes two different tariff levels - 15 percent and 25 percent.

China's civil aviation authority said airline companies can decide whether to provide passengers in-flight meal services in order to ensure flight safety, Chinanews.com reported.

China's economy is gradually improving as some economic indicators are continuing to recover.

China's major device makers have taken a leading position, based on the market advantages of China and their early layout on technical standards, the report said. With fast commercialization of 5G, domestic vendors are speeding up their R&D in the area of terminal devices and meeting fierce competitions