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As economic growth has slowed and traditional growth engines lost steam, the country has turned to innovation, hoping new technology, industries and business models will provide the strength for future growth.

As businessman Trump rose to become the Republican Party nominee in the 2016 presidential election, his brash style and outspoken views on immigration and other policies led to mass protests, including on the weekend of his inauguration in January.

As a result, the yuan/dollar exchange rate is no longer fixed, but is a floating one. So, it is worth reiterating here: Like in the stock market, where volatility is the norm, the yuan volatility is the norm in the foreign exchange market. There is no need to make a fuss about the yuan breaching 7.0.

As for State-owned financial institutions in the competitive fields, various types of capital should be introduced, while the national capital can be allowed to have a majority or minority shareholding, the guideline said.

As epidemic prevention and control efforts achieved results, China's logistics operations quickly recovered in the first half of this year, and the demand structure was further optimized, especially in the field of people's livelihoods.