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Before the talks, US Ambassador to China Terry Branstad met with Agriculture Secretary Sonny Perdue on trade issues. Branstad, a former governor of the key soybean growing state Iowa, expressed his hope to "develop a framework that can lead to an agreement" with China, the top buyer of US soybeans.

Before the new rules came out, some banks raised money from investors who bought wealth management products that were repackaged as swaps. A Beijing-based wealth management professional said the banks chose this method because they have to take into account and finance the costs of the swaps programs, often valued at billions of yuan.

Beijing said it hopes that by 2022, Beijing-based scientific research units and enterprises can be an important contributor to global 5G technical standards, accounting for more than 5 percent of all primary and essential international 5G patents. It also aims to achieve breakthroughs in key technologies and processes for the production of medium-and-high-frequency components above 6 GHz.

Beijing's neighbor, Hebei province, started refunding tax to overseas tourists on Tuesday to boost inbound tourism to the northern province.

Beijing is accelerating the construction of charging piles across the city as China seeks to further promote the development of electric vehicles and related sectors.