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Instead of interfering in other countries' domestic affairs, the US should "mind its own business" and focus on addressing its own "persistent problems", Geng said, citing statistics from an Associated Press report.

International rating agency Moody's said China's overall economic outlook is "stable", giving the country an unchanged rating of "A1" in the face of headwinds from trade tensions, the company announced on Thursday.

Investigation is ongoing into the case, the HKSAR government's Customs and Excise Department said in a press release.

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Innovating credit service is also needed to facilitate financing for enterprises, especially micro, small and medium-sized enterprises, he said.

Inspection teams in 28 cities in the Beijing-Tianjin-Hebei region and nearby areas found 285 of 450 companies breaking the rules, the Ministry of Environmental Protection (MEP) said Thursday in a statement.

Intensive policy announcements from financial regulators since the weekend have all focused on easing the financing conditions for the private sector and improving the business environment, to ease investors' recent concerns that the private sector may face more challenges under economic slowdown pressure.

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Initiated by the Shanghai Intellectual Property Bureau and 10 commercial banks, the Shanghai Intellectual Property Financial Service Alliance was established in November.

International pharmaceutical companies signed several agreements on extended research and development cooperation and new drug development with their Chinese partners at the ongoing third China International Import Expo to better contribute to a more innovative healthcare ecosystem in China.

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Investment into these industries has witnessed better performance than the overall investment portfolio, as they have directly benefited from China's economic transition, as well as global technological innovation and a large and growing middle class, he said.

Investors continued to be active in the quarter, bringing the investment total for the first half of the year to more than 27 billion yuan (.86 billion), according to the report.