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At the ongoing 17th Asia Security Summit, also known as the Shangri-La Dialogue, He Lei, vice-president of the Academy of Military Science of the Chinese People's Liberation Army, said that the US has been intruding on Chinese territorial waters and airspace by sending military vessels and aircraft to conduct surveillance and flex military muscle in the region－all under the pretense of upholding freedom of navigation.

At the same time, Reuters cited sources saying that several German companies in talks with potential buyers from China are still pushing ahead with negotiations, undeterred by the new rules.

At the same time, a large number of international FIs have set up their global or regional headquarters in Shanghai. For instance, the New Development Bank, which was conceptualized during the fourth BRICS Summit in 2012, is headquartered in Shanghai. The NDB became fully operational in 2016, and serves the BRICS members of Brazil, Russia, India, China and South Africa.

At the same time, the Chinese economy is shifting from high-speed growth to high-quality growth, and the economic structure is optimising.

At the ongoing 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, the first major international economic and trade event held both online and offline by the country since the COVID-19 outbreak, the top Chinese leadership has vowed to ease market access in the service sector further and actively expand imports of quality services.