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China's top banking regulator is drafting rules on bankruptcy risk handling for commercial banks, aiming to provide sufficient guarantees for rapidly and thoroughly dealing with banks in crisis.

China’s reform and opening-up drive has won support from the international community, and in the meantime, global peace and development have benefitted from China’s growth, Ruan said.

Chinese Ambassador to Spain Lyu Fan called the Iberian nation "a good friend and important partner of China in the European Union", citing the active high-level visits and strong political mutual trust between the two countries, the increasing bilateral trade and investment, as well as the thriving cultural and educational exchanges.

China's top economic regulator, the National Development and Reform Commission, said it approved 11 fixed-asset investment projects worth 38.2 billion yuan (.5 billion) in July, mainly in the transportation and high-tech sectors.

China's trade mix continued to optimize with the general trade growing both in volume and proportion in the January-July period. General trade grew 5.7 percent year-on-year and accounted for 59.8 percent of the total trade, 0.8 percentage points higher than the same period of last year.