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As staunch supporters of free trade and multilateralism, China and European countries would bear the consequences of US trade protectionism if Trump topples the global order, experts have said.

As the central government seeks greater transparency for its contingent liabilities, local governments' direct financing through the bond market has increased while their reliance on indirect financing through local government financing vehicles, or LGFVs, has declined, said Moody's.

As the US government plans new control measures of semiconductor exports to Huawei, the Chinese tech company risks losing access to Taiwan Semiconductor Manufacturing Co for production of its self-designed chips.

As the country continues to deleverage and defuse financial risks, the move will ease liquidity, especially for small businesses, but it does not mean a policy stance shift, said Zeng Gang, a financial researcher at Chinese Academy of Social Sciences.

As the microcosm of China's reform and opening-up, Hunan province is now faced with significant opportunities brought by the country's new round of further opening-up, State Councilor and Foreign Minister Wang Yi said on Thursday.