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China began a three-month campaign against pyramid selling on Aug 15,following the death of university graduate Li Wenxing, 23, who got involved in a pyramid scheme through an online recruitment site, and was found drowned in mid-July in north China's port city of Tianjin, sparking nationwide rage.

China has been implementing multiple supportive policies to increase sufficient supply of rental housing amid efforts to develop a robust home rental market, which is considered crucial to maintain the sound development of the real estate market.

China has joined some other major economies in accelerating gold purchases in the past year, a move to hedge against risks of currency and equity fluctuations. By the end of December, the gold reserve in China rose to 1,852.52 metric tons, the first increase since November 2016, according to data from the PBOC.

China began phasing in waste restrictions four years ago, before stopping most plastic and paper last July. Ellin wrote a letter to the government in September calling for urgent action in light of the ban.

China has been for years working to further exchange views on bilateral ties and the economic and trade cooperation with the US, said Wei, also a vice-minister of commerce. "China and the United States will benefit from mutual cooperation but both will be harmed by confrontation," Wei said. "Further cooperation will benefit not only the two countries, but development of the world."