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BEIJING, Aug. 17 (Xinhua) -- China's central bank Saturday unveiled a plan to improve and reform the country's loan prime rate (LPR) mechanism in its latest efforts to cut financing costs for the real economy.

More support is needed to strengthen industry collaboration and technological cooperation between upstream and downstream enterprises, in a bid to establish strategic industrial chains with more resilience, innovation and higher added value.

The meeting was presided over by Chen Zhu, vice chairman of the NPC Standing Committee, and attended by 165 members of the committee.

And the Chinese legion celebrated the holiday in style -- staging the country's best performance at the 10-day world championships in 20 years with three gold, three silver and three bronze medals.

Speaking at the New Inclusive Asia Dialogue, multiple experts said BRI, as a flexible economic oriented initiative, stood in contrast with attempts by certain country to piece together its own trade network, which was described as being focused on political agendas.