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China plans to eliminate 100 million to 150 million tons of crude steel capacity in the five years from 2016.

China still has adequate space to stimulate growth via monetary actions as inflation pressure is slowly easing, and bulk of its efforts should be aimed at curbing deflation amid weak external demand, experts said on Thursday.

China started its third national land survey in 2017. The survey aims to collect accurate data on the country's land resources, including acreage, distribution and the condition of different types of land, according to the State Council.

China produced 15.4 billion cubic meters of shale gas last year, up 41.4 percent year on year, mainly from the Sichuan basin and its surrounding areas, according to a report from the Ministry of Natural Resources.

China slammed the Pentagon on Thursday for canceling the Chinese military's invitation to the 2018 Rim of the Pacific Exercise, calling the move rash, unconstructive and futile in changing China's determination to protect sovereignty and maintain regional peace and stability.