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The China Earthquake Networks Center said the earthquake occurred at 7:27 am (Beijing Time) at a depth of 11 km. Another 121 aftershocks were recorded as of 1 pm with the greatest exceeding magnitude 6.

The Chinese economy is entering a new stage of medium-paced growth after rebounding last year, according to a senior economist. It is a stage that could be exposed to major risks brought by accumulated local government debt driven by unbending investment impetus, the economist said.

The China-Laos railway has a total length of 414.332 kilometers with over 62.7 percent of bridges and tunnels, linking Mohan-Boten border gate in northern Laos and capital Vientiane. Operating speed on the route is designed at 160 km per hour.

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The Chinese government's efforts to popularize electric vehicles have underpinned the fast expansion of battery companies. China's new energy vehicle market has experienced a boom, despite sluggish sales for gasoline-powered vehicles.

The Chinese government has been rolling out several measures including cutting bank reserve requirement ratios to ensure adequate liquidity in the financial system. Still, Li stressed at a cabinet meeting, "the prudent monetary policy hasn't changed and will not change," he said according to a statement published on the State Council website. "And we never resort to 'flood-like' stimulus."

The CSRC will take tough measures against "those iron roosters which have the ability to offer cash dividends but never plucked a feather", said Liu.

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The Chinese government is making the development of additive manufacturing technology in the country a priority. Foreign companies are encouraged to set up branches and R&D centers in China, and a few domestic companies, which have already had their products recognized internationally and will be able to compete in the international market, will be fostered.

The Chinese delegation arrived in Seoul on Oct 29 for a four-day visit at the invitation of the Ministry of Foreign Affairs of the ROK. The members are from China Daily, People's Daily, Xinhua News Agency, China Media Group, Guangming Daily, Economic Daily, China News Service and Global Times.

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The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.91 percent to close at 1,718.26 points Wednesday.

The Chinese government always encourages enterprises to follow market principles and international rules and abide by local laws while conducting overseas economic cooperation, Geng told a regular news briefing.