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Porsche, 80 percent of whose sales in China last year were SUVs, said it is working on price adjustments based on the policy change.

President Xi Jinping has expressed his confidence in securing a final victory in the fight against the COVID-19 pandemic with the joint efforts of China and the Democratic People's Republic of Korea as well as the international community.

Premier Li Keqiang greets Russian President Vladimir Putin at the Kremlin in Moscow on Wednesday. Li told Putin that the healthy and stable development of China-Russia relations is not only beneficial to both nations but also conducive to the region and the world. [Photo/Xinhua]

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Potential investment opportunities may arise in fields like advanced manufacturing, environmental protection and poverty relief as investors expect supportive government policies to be rolled out during the ongoing annual meeting of the country's top legislative and political advisory bodies, market mavens said.

Pop star Li Yifeng covers the fashion magazine. [Photo/Official Weibo account of Our Street Style]

Premier Li Keqiang summed up the Chinese view that Brexit had increased uncertainty in the global economy, while affirming Beijing "would like to see a united, stable EU, and a stable, prosperous Britain".

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Pop Mart's mystery box products on show during an exhibition in Beijing.ZHAO YADAN/FOR CHINA DAILY

Power consumed in the tertiary and residential sectors accounted for 16.8 percent and 15 percent of total consumption, up 0.7 and 0.2 percentage point respectively.

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Premier Li pointed out that the main objective for promoting sustained growth is to generate a steady flow of jobs. He cited stable employment as a major highlight in the Chinese economy. China faces significant employment pressures with nearly 8 million college graduates and 5 million graduates of secondary vocational schools joining the workforce every year. Furthermore, there are a large number of workers who need to be reemployed as a result of cutting overcapacity and migrants from rural areas seeking jobs in the cities. Without a proper level of economic growth, we would not be able to create jobs for all these people. Over 13 million new jobs have been created each year for the past four years. The surveyed unemployment rate in 31 large cities has dropped below 5 percent since last September, the lowest in years. For a major developing country with a population of 1.3 billion, nothing would be more important than relatively sufficient employment.

Pompeo said in a statement that he is "deeply grateful" for the nomination.