The Chinese government's top diplomat, State Councillor Wang Yi, said on Saturday the response by Beijing to U.S. trade measures were necessary and legitimate, a day after announcing retaliatory tariffs on $60 billion worth of U.S. goods.
The commerce ministry, in a statement, said timing of the implementation of the new tariffs on U.S. goods will depend on the actions of the United States.
China's navy also plans to join 26 countries in military exercises off Australia's north coast this month hosted by Canberra and involving the United States.
That official said technical experts from International Finance Corp, an arm of the World Bank which lent to the $180 million project, were on site monitoring progress.
Southeast Asian nations hope to strike a joint agreement on cyber security in coming days with Russia, accused by the United States of meddling in its elections, after a series of high-profile hacks in the region.
Carriers around the world are attempting to raise fares to help recoup the rising cost of fuel, with the oil price up 40 percent to $73 a barrel over the last year.
The Singapore-based lender trimmed its forecast for loan growth this year and said the benefits of higher business volumes were moderated by a drop in trading income during the second quarter.
U.S. growers are expected to take an estimated $11 billion hit due to China's retaliatory tariffs. Last week, the Trump administration said it would pay up to $12 billion to help farmers weather the trade war.