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The financing gap for infrastructure construction is expected to hit 5 trillion yuan (6 billion) this year, Ming said in a research note. To fill that gap, the central government might increase the central budget for infrastructure construction to alleviate the downward pressure, he wrote.

The explosion happened at about 2:48 pm on Thursday following a fire that broke out in a chemical factory located in an industrial park in Xiangshui county of Yancheng city, according to local authorities.

The exhibition, which opened at the National Museum in Beijing last November, used historical photos, text, video, miniature models and interactive activities to show China's achievements over the past 40 years.

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The farmers interviewed by Xinhua said when they voiced their concerns to lawmakers, the latter told them it's up to the executive branch to handle the trade deals.

The fact that the trade dispute with China is not resolved - even if escalation has been avoided - means that Trump may be reluctant to continue active trade disputes with the European Union and Japan at the same time.

The exhibition area of Hong Kong enterprises at the upcoming 3rd China International Import Expo will increase by 20 percent compared with last year, an indication that companies in the region are still focused on expanding business opportunities in the Chinese mainland.

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The figure was almost the same as the second half of 2016, when 58 TMT companies went public.

The fair's double surges in export turnover and buyers attested to the effectiveness of Chinese foreign trade companies in business innovation and economic restructuring, according to industry insiders.

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The event, China in the Eyes of the British, includes a book authored by Michael Bates, a former member of the UK Parliament, who wrote about his journey through China, and an updated version of Pingjuby the late British sinologist John Chinnery.

The exchange has initiated a research program to study the possibility of a Shanghai-London stock connect, Wu said.