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China's surplus oil refining capacity will increase by 120 million metric tons this year as more private refinery projects commence operations, a leading industry body said.

China's top legislature passed the revised civil and administrative procedure laws in June 2017 to allow prosecutors nationwide to institute public interest litigation.

China's property market maintained steady development in August, as housing prices remained stable in major cities.

China-US trade friction is likely to escalate this year, said Wei Jianguo, vice-president of the China Center for International Economic Exchanges, a leading government think tank. "We are not afraid of such actions. China is fully prepared to cope with uncertainties created by the US," he said.

China's top securities regulator has also vowed to deepen capital market reform to improve the quality of the listed companies and give foreign investors bigger market access.