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The China-US trade imbalance cannot and will not last in the long run, and the trade teams of the two nations are negotiating it, Cui said.

The Cabinet said in a statement after an executive meeting that it had adopted a temporary decision to exempt those whose aggregate annual income is no higher than 120,000 yuan (,000) within a period of two years from the obligation to declare the settlement and payment of individual income taxes.

The Caribbean coral reefs, which cover around 20,000 sq km could take as little as 15 years once triggered, and the same is true for the Great Barrier Reef.

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The Chinese economy is witnessing new trends, said Liu, citing stronger development impetus from innovation, more emphasis on developing new industries centering on final demand, as well as further attention to green development.

The China-Russia Expo has served as an important platform for bilateral economic and trade cooperation since it was inaugurated in Harbin in 2014.

The Chinese embassy in Moscow maintains close contacts with its 160,000 citizens in the country, and will provide all necessary help to them, Beijing's ambassador to Russia Zhang Hanhui said on Wednesday.

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The China-UK relationship faces a new situation and new opportunities as the world undergoes profound changes, with unilateralism and protectionism on the rise while economic globalization encounters a headwind.

The Chinese embassy in Ottawa responded by saying that Canada is "an accomplice to United States' efforts to bring down Huawei and Chinese high-tech companies".

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The Chinese government has already underlined that one of the country's priorities is quality, green and low-carbon urban development. It has been encouraging the development of green manufacturing and a more carbon-efficient urban public transportation system, besides setting tougher rules on carbon emissions.

The China Emissions Exchange (Guangzhou), the largest local carbon market in China. [Photo/Sipa]