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Solid steps will be taken in implementing the three-year action plan for SOE reform. The task of relieving SOEs of their obligation in undertaking social programs will be essentially completed this year. Greater efforts will be made in deepening the mixed-ownership reform, strengthening the modern corporate structure, and developing sound market-oriented operating mechanisms.

In April, the world's second-largest economy logged positive growth in export for the first time this year, while in June, exports and imports both rose.

Youth federations and students' federations were asked to deepen reform and innovation, and organize and motivate the youth and students to follow the Party and make new and greater contributions to undertakings of the Party and the country.

"This is a repudiation of the principle of market economy and fair competition that the United States has always boasted about. This is trampling on international rules and disrupting exchanges and cooperation in science, technology and innovation riding the trend of globalization. The world will only see more clearly the true face of these self-serving bandits-like politicians," the spokesperson added.

In the meantime, the meeting urged concrete and effective moves to address prominent problems and intensify day-to-day supervision.