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"It's essential to hold more direct exchanges between the countries' business groups, chambers of commerce and other professional organizations to remove some adverse impacts of (U.S.-China) trade frictions," Steven Gu, board treasurer of TN-China Network, told Xinhua in a recent interview.

Gary Hufbauer, non-resident senior fellow at the Peterson Institute for International Economics, told Xinhua that "there's no chance" that the IMF will change its assessment (on currency manipulation) unless the United States threatens to withhold support from the European Union's nominee for the managing director, conditioned on a "fresh evaluation" of the IMF's criteria for assessing exchange rates.

A total of 8.67 million new urban jobs were created during the first seven months of the year, he said, calling it a hard-earned achievement.

The consultation session for key proposals held by the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, was presided over by Wang Yang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the CPPCC National Committee.

Regions where pilot reforms have met their objectives and delivered notable outcomes will be encouraged to explore new reforms. Their replicable practices shall be applied in wider areas at a faster pace, so that financial reform and opening-up and innovation can better boost development, improve people's lives, and avert risks.