BEIJING, July 10 (Reuters) - China will stabilise trade byreducing tariffs, improving export tax rebate policies andcutting insurance fees for export companies, state televisionreported on Wednesday, citing a state council meeting chaired byPremier Li Keqiang.

"We will improve our reserve of policy tools and roll themeasures out at the right time," state television quoted thoseat the meeting as saying.

China is locked in a bruising trade war with the UnitedStates, which has led to retaliatory tariffs on hundreds ofbillions of dollars of each other's goods.

(Reporting by Yawen Chen and Se Young Lee;) ((yawen.chen@thomsonreuters.com; +86 10 5669 2126; Follow me onTwitter https://twitter.com/ywchen1; ))