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The persistently benign inflation reported by the Labor Department on Friday could, however, ratchet up White House pressure on the US central bank to cut rates. President Donald Trump has repeatedly criticized the Fed for tightening monetary policy, arguing that inflation was low.

The pollution crisis affecting 20 million residents is also piling public pressure on the government to tackle the root causes of the persistent haze.

The plan promised better financial services and personnel training, as well as efforts in the branding of current enterprises and products.

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The pilot zone will be jointly built by the International Cooperation Center of the National Development and Reform Commission, the government of Tonglu county, and Hangzhou Aiwei Life Sciences Co Ltd, he said.

The platform aims to help build a more efficient healthcare system that centers on health promotion, instead of merely treating diseases, he said.

The plan highlights risk-prevention in the application of fintech, calling for control of cyber risks and protection of financial information.

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The plan said China's distribution of medical waste disposal capacity is regionally unbalanced, with problems in some places including aging facilities and inappropriate disposal standards.

The pilot reform has produced results, improving the SOEs' strength and lowering their leverage, she said.

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The plan would also establish a billion lending program dedicated to imperiled airlines, which would be required to keep flying as a condition of securing loans. Another 0 billion would underwrite loans to other business sectors. Details on the loan programs were fuzzy, but terms are sure to be heavily subsidized.

The possible halt to cryptocurrency trading in China and the attendant uncertainty may prompt local operators of virtual currency systems to go abroad, a senior researcher said.