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The U.S. administration and some U.S. politicians acted out in such an anxious and reckless manner over Hong Kong-related issues to cover up their own botched response to COVID-19, economy and other domestic problems, the spokesperson noted.

Xi made the remarks while presiding over a group study session of the Political Bureau of the CPC Central Committee on strengthening the modernization of the national defense and armed forces, which was held on Thursday.

In the first half of the year, trade volumes via cross-border e-commerce platforms, under the oversight of customs authorities, increased by 26.2 percent year on year, with exports and imports up by 28.7 percent and 24.4 percent, respectively, data from the General Administration of Customs (GAC) showed.

Xi also called on entrepreneurs to think more globally to stay on top of the trends and demand in the international market, improve their ability to grasp international rules, tap business and guard against risks in the international market, and lead their firms to further development amid the pursuit of a higher level of opening up.

In the first seven months, more than 870 billion yuan in financial burdens were exempted for market entities thanks to the government's supportive policies, including tax and fee cuts and deferring loan and interest repayments, said the meeting.