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More efforts should be made to encourage and guide Party members and officials in carrying forward the revolutionary traditions, Xi said, adding that a system under which officials "don't dare to, are unable to and have no desire to commit acts of corruption" must be advanced as a whole.

China's financial sector did not stop opening up amid the epidemic. For example, Oaktree Capital Management, a global asset management firm focused on alternative markets, established a wholly owned subsidiary in Beijing in February. China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country.

In response, many legal professionals and organizations pointed out that NPC Standing Committee's decision will have indisputable legitimacy and will make the operation of the LegCo more stable.

Many Americans are like them: tolerant, respectful and helpful. They are neither hostile to China nor the Chinese people. Or rather, many benefit from economic globalization and the development of China-U.S. relations and trade. What they care about is living a better life and realizing their self-worth. Contrary to some U.S. politicians have claimed, they are least interested in a so-called "new Cold War."

Noting that its policies in the first half of the year facilitated a speedy recovery of the national economy amid COVID-19, the PBOC said it will pursue a more flexible and appropriate monetary policy, making it more targeted, and effectively implement policies aimed at helping enterprises tide over difficulties and ensuring employment in the second half.