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Liquidity will be kept reasonably sufficient, without resorting to massive stimulus. Instead, the direct, structural monetary policy tools will be better leveraged to make sure the money goes to where it is needed the most and is primarily channeled to the real economy, especially to smaller firms.

BEIJING, Aug. 5 (Xinhua) -- China's top insurance regulator on Wednesday unveiled a three-year action plan to promote the high-quality development of the property-insurance industry.

He Yubang said national park construction is "the pearl on the crown of a beautiful China," and hopes that Qinghai Lake could have a more integrated ecosystem in the future.

China has explored its navigation satellite system in a three-step strategy.

The circular called for greater efforts by judicial authorities in protecting the business environment to stimulate the vitality of various market entities, noting that these entities should be guaranteed equal protection of rights and equal development opportunities.