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China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is still largely controlled by the state due to concerns over abrupt capital flows in and out of the country.

China's national weather observatory issued a yellow alert, the second-lowest in a four-tier weather warning system, on Monday for the seventh consecutive day of high temperatures in the northern part of the country. But it lifted a blue alert, the lowest in the warning system, which was issued late on Sunday for rain in the south.

China's first overseas high-speed rail project was completed in Turkey in 2014, with a 530-kilometer railway linking Ankara and Istanbul.

China's first international pledge specifically on renewables capacity is encouraging, and the target calls for a growth level similar to the installations over the past two years, said Luan Dong, China renewable analyst at Bloomberg New Energy Finance.

China's new yuan-denominated loans reached 1.06 trillion yuan in July, central bank data showed on Monday.