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The Shenzhen Component Index closed 5.59 percent higher at 9,134.58 points, the highest closing since the end of July 2018, and the turnover of stocks in the index reached an all-time high of 574.6 billion yuan.

SAN FRANCISCO, Jan. 25 (Xinhua) -- The Chinese Consulate General in San Francisco on Friday held a reception to celebrate upcoming Chinese Lunar New Year and honor the contribution of overseas Chinese to forging a close and strong relationship between China and the United States.

All parties agreed to the enactment of the law, saying it is an important step to improve the legal system concerning foreign affairs and will help China attract more foreign investment, open wider to the world and enhance its ease of doing business, according to Li Fei.

-- Stronger domestic market: China will accelerate the development of the service industry, including education, childcare, elderly care, medicare, culture and tourism while improving consumption and boosting spending power.

To shore up growth, authorities have slashed taxes on businesses and individuals, maintained a prudent and neutral monetary policy and revved up financial support for private companies in difficulty.