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China began developing early earthquake warnings after the Wenchuan quake and became the third country with an early earthquake warning system after Japan and Mexico.

China has issued diversified kinds of coupons to stimulate consumption since March and the first four rounds of coupon issuance has led to 3.42 billion yuan consumption in Hangzhou, East China's Zhejiang province.

China firmly opposes the US government's intensified crackdown on Huawei Technologies Co, and the nation will take all the necessary measures to safeguard the legitimate rights and interests of Chinese companies, a spokesperson from China's Ministry of Commerce said on Thursday.

China has been stepping up its investment in oil and gas exploration in recent years and invested a record 82.13 billion yuan (.76 billion) for the same in 2019, up 29 percent from the previous year, according to the Ministry of Natural Resources. Investment for the exploitation of oil and gas resources in the country rose to 252.71 billion yuan in 2019, up 24.4 percent on a yearly basis, the ministry said.

China has finalized a set of standards to assess domestic systemically important banks or D-SIBs and indicated that more specific and tighter regulations for these lenders will be announced soon, according to the People's Bank of China, the central bank.