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The country has shown its support for the manufacturing sector by giving it the biggest VAT rate reduction of 3 percentage points, according to Yang. "The manufacturing sector serves as the key to stabilizing employment in the short term and a core aspect of a country's economic competitiveness."

The country will improve rules to enable commercial banks to raise funds through multiple channels, including convertible bonds and other loss-absorbing debt instruments, according to the plan jointly issued by the China Banking Regulatory Commission (CBRC) and another four regulators.

The conference is being held under the theme, "Connecting Africa through Trade and E-commerce".

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The country will further expand opening-up of its financial sector, Premier Li Keqiang said Thursday at the opening plenary of the Boao Forum for Asia annual conference in Boao.

The concert, organized by Beijing Performance & Arts Group and sponsored by Beijing Culture and Arts Fund, also won loud applauds at the Glasgow Royal Concert Hall on Saturday night.

The country will stick to the principle that "housing is for living in, not speculation" and implement a long-term management and regulation mechanism in 2020, according to the annual Central Economic Work Conference held in December 2019.

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The contents of the book underscores the fact that the Communist Party of China strives for the well-being of the Chinese people, rejuvenation of the Chinese nation as well as peace and development of mankind, they said.

The construction of a smart industry park started in Sino-Singapore Guangzhou Knowledge City (SSGKC) on Thursday. The knowledge city was elevated to a national-level project last month.

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The cooperation has boosted the economic development of the two countries. The total volume of imports and exports between Weihai and South Korea in 2017 reached billion, nearly double the number of 2015, a report by the China Business News said.

The country should unveil special protection measures and regulations for using arable land, the guideline said, calling for strict restrictions on converting arable land into other types of agricultural land, such as forests and gardens.