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He also said that fiscal authorities have been implementing proactive policies, ensuring stable fiscal operations. In the first seven months, national general public budget revenue increased 10 percent to 11.08 trillion yuan, while expenditure climbed 14.5 percent to 11.7 trillion yuan.

He added that the impact of the ongoing trade frictions between China and the US on the foreign-exchange market and cross-border capital flows is generally under control.

He argues that it costs money to switch production, and many companies are now so low on cash that they cannot make major investment decisions.

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He also stated China's stance on the trade frictions between China and the United States, saying that China and Japan should strengthen communication and coordination, jointly address the challenges of protectionism and unilateralism, promote the construction of an open world economy, and make important contributions to promoting the development and prosperity of Asia and the world.

He also pledged that no matter what stage of development it reaches, China will never seek hegemony or engage in expansion.

He also voiced confidence in the outcomes to be achieved at the upcoming summit in Beijing, saying that he believes the gathering will see broader cooperation.

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Having learned how to give online classes through livestreaming, Beijing university teachers have found a new way to make good use of the technology－packing the belongings for graduates who are unable to return to school due to COVID-19.

Having not seen her for more than 70 days because of the COVID-19 pandemic, police officer Bai Xuesong rushed to embrace his wife, Yu Kun, in the crowd when she stepped down from a coach that pulled up at a Beijing hospital on April 20.

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He added the industry risks losing valuable momentum given the shortage of skills and the overwhelming demand for experienced professionals.

He also urged Hong Kong and Macao to participate in the construction of the Belt and Road Initiative and jointly explore overseas markets.