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China's announcement came shortly after the US administration released a proposed list of Chinese export products worth billion that would be subject to a suggested additional 25 percent tariffs.

China will try to establish a trading platform in Beijing to better commercialize technologies, and promote the capital city as a "new highland" of securities industry opening-up, a top securities regulator said on Thursday.

China's State Councilor and FM Wang Yi, right, Russia's FM Sergei Lavrov, center, and India's FM Subrahmanyam Jaishankar pose for a picture during a meeting in Moscow, Russia Sept 10, 2020. [Photo/Xinhua]

China's big four banks posted higher growth in lending income and improvements in profitability and asset quality, with average daily income of 2.5 billion yuan (7.3 million) in the third quarter.

China's Finance Minister Xiao Jie and his Japanese counterpart Taro Aso will co-chair the dialogue.