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Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.

And Iran is another major target in Trump's first speech made at the United Nations (UN) General Assembly Tuesday in which he called Iran's nuclear deal negotiated in 2015 during the Obama administration "an embarrassment" to the United States.

And during local festivities, company staff get into the spirit by offering gifts to villagers and passing on best wishes to the local government, Wang said.

And Guangdong's trade growth rate with Greece was much higher than the average increase with the entire European nations this year, the statement said.

Analysts said the moves are in line with Xi Jinping thought on socialist economy with Chinese characteristics, which upholds the market's decisive role in resource allocation and calls for better performance from the government in its role.