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Chen Qing, an industry analyst for Zhuochuang Information Services, a domestic commodity information service provider, said the fuel price cuts will help lower July's CPI increase by 0.01 percentage points.

In April, China South Locomotive and Rolling Stock Corporation Limited won a bid to provide high-speed trains for Hong Kong.

"China is at a crucial stage where the tracks will be laid out for the future direction of welfare policies and economic restructuring," Dybvad said, referring to China's move away from export-led growth and towards greater domestic consumption.

It will also touch on areas such as reforms of direct and indirect financing in the country's financial structure and the development of micro-sized financial organizations, Pan said at an academic symposium held in Beijing.

BEIJING, Oct. 1 (Xinhua) -- Three Chinese airlines have announced increased fuel surcharges for several overseas routes, according to Shanghai-based ctrip.com, China's leading travel service company.