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In the short term, the new mobile payment application will not have a substantial impact on Alipay and Tenpay, which have dominated China's mobile payment market, but will reduce market concentration, he said.

In the interview with CNN, the Singaporean leader countered Trump's arguments about the US trade deficit with China. He said Trump's starting point is that he has a big trade deficit with the Chinese and that's a bad thing, and he wants to fix the issue by having China buy more from America.

In the seven-month period, China's 11 pilot free trade zones (FTZs) saw FDI inflow up 30 percent to 65.8 billion yuan, with 5,186 new overseas-funded companies established.

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In the system, heads of provincial, municipal, county and township governments will work as lake chiefs to coordinate protection and management of lakes and their tributaries.

In the next five years, the total consumption volume of dairy products in China is expected to grow by 15 percent to 20 percent, and the annual per capita consumption of raw milk is expected to reach 40 kilograms.

In the meantime, the government will strike a balance between respecting the rights of journalists who are at the frontline to report on the scene but at the same time allow police to enforce the law.

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In the third quarter, there were 3,671 real estate purchase and sale contracts signed, and the number of properties involved rose by 52.1 percent quarter-to-quarter to 3,815.

In the same year, Henry Bath, CMST, Mercuria and the London Metal Exchange signed an agreement to develop new warehouses in countries within the area covered by the Belt and Road Initiative, so metals traded across the region can be stored.

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In the previous aviation season, more than 100 new international routes opened to economies involved in the initiative. As of May, there were direct flights linking China with 43 of those economies, with about 4,200 flights weekly.

In the latest WEO report, it projected a 6.1 percent growth rate for China in 2020, slightly down from the previous estimation of 6.2 percent.