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China last week launched its first national fund to guide efforts to boost the service trade, based on innovation and sustainable development, and to push economic transformation, the Ministry of Commerce announced on Monday.

China supports the Afghan government's efforts to maintain its domestic security, Xi said, adding that China will continue to help Afghanistan's reconstruction. The two countries should enhance anti-terrorism and security cooperation, he said.

China strongly opposed US plans for an additional 10 percent tariff on 0 billion worth of Chinese goods originally scheduled to start from Sept 1.

China needs to lower its annual economic growth target in next year, financial news outlet Yicai reported Monday, citing experts.

China remains the powerhouse and pivotal driver of the automotive market in the world, with the original equipment market experiencing a steady ascent. In 2016, the production and sale of automobiles in China grew rapidly and achieved record heights. The production and sales reached 28.12 million and 28.03 million units, respectively.