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Wang stressed the roles of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the theoretical banner for building a strong Marxist governing party and ensuring the long-term governance of the Party and long-term stability of the country, and as the guideline for upholding and developing socialism with Chinese characteristics at a new historical starting point and achieving national rejuvenation.

In her reply letter to Sassou N'guesso, who is also rotating chairperson of the Organization of African First Ladies for Development (OAFLAD), Peng said the Chinese government will donate a batch of aid to 53 African countries through the OAFLAD to help women, children and adolescents, an expression of the Chinese people's friendly feelings towards the African people.

BEIJING, July 27 (Xinhua) -- Chinese President Xi Jinping will deliver a speech Tuesday at the opening ceremony of the fifth annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB), Foreign Ministry spokesperson Hua Chunying announced on Monday.

"Credit risk is a particular threat as clients come under increased liquidity pressures," said a report by global consultancy firm Boston Consulting Group, adding that deteriorating credit quality could increase pressure on profitability and regulatory capital.

The situation for foreign trade and investment, however, is still grim as the global spread of COVID-19, a severe global economic recession, and significant declines in international trade and investment as well as rising protectionism are all taken into account, according to Ren Hongbin, assistant minister of Commerce.