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The China-Australia Free Trade Agreement (ChAFTA), which came into force in 2015, has made a real difference for both Chinese and Australian firms, expanding and diversifying bilateral trade and investment.

The China Banking and Insurance Regulatory Commission has also limited commercial bank's risk exposure to avoid systemic risk. A commercial bank's risk exposure to an interbank client shall not exceed 25 percent of its tier-1 capital, according to a document released by the regulator on Friday.

The China Africa Institute on Saturday initiated the implementation of a sustainable development exchange mechanism, aimed at opening new exchange opportunities for Chinese and African think tanks.

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The Changchun city government in Jilin province, China's leading automaker FAW Group and the American company Silk EV signed a letter of intent for cooperation on the Hongqi S-Series project in a video conference held on Thursday.

The China experience shows that targeted support that lowers entry barriers and transaction costs, addresses information asymmetry and allows new entrants to participate in online markets can help launch e-commerce in less advantaged areas, the report said.

The Caixin/Markit composite purchasing managers' index (PMI), which covers both the manufacturing and service sectors, weakened in August, standing at 52, the lowest in five months, compared with 52.3 in the previous month.

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The Chinese currency has risen by over 1.5 percent in value compared with the US dollar since the first trading day this year.

The China-Italy comprehensive strategic partnership will have a better future with the joint efforts of both sides, President Xi Jinping said in a statement upon arrival in Rome on Thursday.

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The Camp Fire was the second major blaze to hit California in recent weeks, with a fire in Malibu near Los Angeles also killing three people.

The China-Japan high-level consultations on maritime affairs were established in 2012. The last round of consultations was held in Shanghai in December.