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China should accelerate the establishment of a long-term mechanism to stabilize the property market, said Liu Hongyu, head of the real estate research institute at Tsinghua University.

China said on Tuesday it has worked with Sri Lanka on the Port of Hambantota in an equal and mutually beneficial way, dismissing United States media reports that it took over the port through "a debt trap".

China opened its asset management industry to international players in 2016 by allowing them to set up wholly foreign-owned enterprises to raise onshore funds and invest in the mainland's securities market. Previously, they could only enter the market by owning a minority stake in a joint venture with a local Chinese partner.

China released detailed regulatory requirements for mainland-listed companies to give foreign employees equity incentives on Tuesday, in a bid to further open up its capital markets.

China was the world's largest vehicle maker and vehicle market for 10 years in a row, as pollutants from motor vehicles became the main sources of air pollution.