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China's Dazhong Go, which is part of the Shanghai Dazhong Transportation Group, and Japan's Daiwa Motor Transportation Co Ltd on Wednesday signed a collaboration agreement in Shanghai which would improve the travel experience of their customers in Tokyo and Shanghai.

China's banking sector has maintained a relatively strong risk resistance capacity by increasing the appropriation of impairment losses on loans. Banks appropriated 1.4 trillion yuan of impairment losses on loans during the first eight months, up by 261.5 billion yuan year-on-year. The level of allowance for loan impairment losses to nonperforming loans of the banking sector stood at 176.5 percent, while its NPL ratio rose by 0.11 percentage point from the beginning of this year to 2.14 percent at the end of August, according to data from the CBIRC.

China's GDP growth remained stable in the first quarter, up 6.8 percent year-on-year and 1.4 percent month-on-month, data from the National Bureau of Statistics showed.

China will fight "at any cost" and take "comprehensive countermeasures" if the United States continues along its unilateral, protectionist path, a spokesperson with the Ministry of Commerce said Friday.

China will focus on leveraging its institutional advantage and creating a more consistent and institutionalized rule of law to upgrade its growth model and build a high-standard and open economic system. It's a focus that became more clear after a recently concluded key Party meeting laid out the goal of modernizing the country's socialist market economy and its economic governance capacity, experts said.