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China's appetite for American oil was huge. In April, China bought more than Canada did for the first time. Canada was once the only regular buyer of US crude oil.

China will work with the British side to bolster communication and exchanges, and enhance mutual political trust, he said, adding that China welcomes more active participation in the Belt and Road Initiative from the UK side.

China's central bank is being pulled in many directions by competing objectives, but nimble use of diverse monetary tools is helping to ease tensions and meet the country's monetary goals.

China will deepen institutional reform in the financial sector and improve its financial regulatory system to defuse financial risks, they said.

China's National Medical Products Administration, which is part of the State Administration for Market Regulation, announced during an inspection in July that it found Changchun Changsheng Bio-tech Co, a major vaccine producer in Changchun, Jilin province, to have fabricated production records and that it committed other serious violations of the law in producing rabies vaccine.