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China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report by the Asian Development Bank on Wednesday.

China will devote more resources to train better sci-fi writers, establish prestigious awards and writing competitions, adapt sci-fi novels into other mediums, and establish platforms for interdisciplinary and global sci-fi collaborations, Huai said.

China will cut VAT rates this year as part of a tax reduction package amounting to 400 billion yuan (.6 billion) to drive high-quality development, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will push the opening up of its financial market but it does not necessarily mean loosening financial regulation, the central bank said on Friday.

China will give farmers subsidies to build animal waste processing facilities to make fertilisers or to treat manure so it's safe for disposal, and to install biogas plants that use methane to generate electricity, according a government plan announced on Aug 1.