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China's State Council Information Office published the white paper on Sunday, denouncing US unilateral and protectionist measures, criticizing its backtracking on China-US trade talks, and expounding China's stance on trade consultations and pursuit of reasonable solutions.

China's State-run banking system is criticized for being inefficient, but it has given many millions the opportunity to save conveniently and safely. China's long-term emphasis on manufacturing gave young people the steady incomes they needed to invest in themselves. And, local government officials who are graded on economic growth and poverty reduction have a strong incentive to help people escape poverty.

China's central bank carried out mock transactions using digital fiat currency with some commercial banks in June, a step aimed at exploring tech challenges involved in using government-backed digital money, according to central bank officials.

China's 817 million mobile internet users and the rapidly growing knowledge economy are the main reasons for Yinxiang Biji to have such confidence in the market.

China will push for "targeted integration" in the areas of grain storage, edible oil processing and maritime engineering within its centrally administered State-owned enterprises in the second half to improve their efficiency and the nation's grain security, according to the country's top State assets regulator.