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"This is a repudiation of the principle of market economy and fair competition that the U.S. has always flaunted," said Zhao. "Such move tramples on international rules and undermines the exchanges and cooperation in science, technology and innovation among countries riding the tide of globalization."

Tax policies that support the growth of new business forms and models will be introduced to boost new types of consumption. Financial institutions will be encouraged to adopt new steps to reduce the cost of mobile payment.

CHANGCHUN, July 22 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China Central Committee, on Wednesday inspected northeast China's Jilin Province.

Inspectors will focus on the implementation of policies aimed at stabilizing employment, improving people's living standards, supporting market entities, expanding domestic demand, stabilizing foreign trade and investment, and improving the business environment through further reforms in streamlining administration and delegating power.

During a visit to the memorial hall for the Siping battle of the Chinese People's War of Liberation, Xi demanded efforts to earnestly study the history of the CPC and that of New China, uphold the great socialist cause founded by the Party and the people under the Party's leadership, and carry the cause forward from generation to generation.