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Combined SOE profits rose 21.7 percent from a year earlier to 1.9 trillion yuan (around 9.6 billion) for January-August, the Ministry of Finance said on its website.

Coal prices which are jointly decided by fixed midterm and long-term contracts and fluctuating benchmark prices have remained stable and were in a reasonable range in the past few years, he explained.

Commenting on China's stance on the Sino-US trade negotiation, Tom Harper, doctoral researcher at the University of Surrey, said Beijing sees the trade conflict as a US attempt to contain its ascent and derail the Made in China 2025 initiative.

Combining brands' own memberships and private domain traffic of individual retail staff, the shopping destination is hoping to reach more neighborhoods and nearby population to provide services and boost business for its tenants.

Companies will have to obtain much of their inputs, capital and equipment from China or other producers in the Asia-Pacific region, Sonmez said.