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China needs to speed up drawing up regulations on exploitation, management and industrial policy so that gas hydrate, as combustible ice or flammable ice, can soon be applied to the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the country's economic development.

China successfully hosted the Belt and Road forum for International Cooperation in Beijing this past May. Based on the principle of extensive consultation, joint efforts and shared benefits, the forum achieved fruitful results on policy consultation, infrastructure connectivity, trade promotion, financial cooperation and people-to-people exchanges, and injected new momentum to promote interconnected growth and facilitate common prosperity. The international organizations participating in the Roundtable welcome and support the Belt and Road Initiative which could help promote economic globalization, strengthen regional interconnection and deepen international cooperation, and are willing to join together with China and countries involved in the Belt and Road to push the initiative.

China vowed to maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level, according to a statement issued after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee in July.

China plans to cut ineffective steel capacity by 30 million tons this year.

China should accelerate the establishment of a long-term mechanism to stabilize the property market, said Liu Hongyu, head of the real estate research institute at Tsinghua University.