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China signed off on an agreement in Beijing on Sunday with 26 countries to improve policy coordination and jointly address the pressing challenges of a financing gap for projects under the Belt and Road Initiative.

China started a project on Tuesday to build its first large, domestically made cruise ship, a major stride in the nation's shipbuilding capabilities.

China recently announced that it might impose different levels of additional tariffs on US goods worth billion, in response to American threats to impose more tariffs on Chinese goods worth 0 billion.

China will advance institutional social reforms this year, covering old-age pensions, public hospitals and healthcare. More efforts will be made to boost employment, increase people's income, eliminate poverty and reduce disparities in urban-rural development.

China will also release a new schedule on Sept 21 to improve its rail passenger service and operational efficiency.