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"China does not want to see escalating Sino-US economic and trade friction, but is prepared for all possible scenarios," Gao said.

"By making this adjustment, the regulator hopes that banks will fully expose their non-performing loans and truly disclose their risk situation with more accurate capital adequacy ratios and coverage ratios of allowance for loan impairment losses to NPLs. It will be favorable for them to write off and resolve bad assets," said Xiong Qiyue, a research fellow at the Institute of International Finance at Bank of China Ltd.

"By introducing the green technology, we adhere to the safety standards and environmental protection of the community," Chen pledged. "We have to respect the local community instead of challenging the traditions or cultures, and importantly we have to share interests and share rewards with them."

"By 2022, Hainan Airlines will launch more than 40 new international flights that depart from Hainan province," said Chen Feng, chairman of HNA Group, the parent of Hainan Airlines.

"China is very displeased with this and will bring up the issue with the US side," Foreign Ministry spokesman Geng Shuang said in the statement. "The provocations of the US would compel China to take measures to increase its defense capabilities buildups."