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Central bank officials also mentioned on Thursday that as an international financial hub, Shanghai can take a step further to free the usage of the renminbi and achieve convertibility of the capital account."As long as it meets the regulatory requirements of anti-money laundering, anti-terrorist financing and anti-tax evasion, capital for normal trade and investment can freely float both in and out (of Shanghai)," Yi said.

Chang Desheng (fourth from left), Party chief of Jiangxiang, visits residents at the village's senior home.[Photo provided to China Daily]

Capital outflows are an important factor influencing China's scale of foreign exchange reserves, said Zhang Yansheng, chief economist at the China Center for International Economic Exchanges.

Challenges from global warming, climate change, extreme weather phenomena, water deficiency and desertification require extensive and profound approaches and sustainable solutions for efficient farming on the edge of the desert. This is why such a large number of delegates from all over the world were rushing to Israel to seek solutions.

Celebratory events were also held overseas, the report said. Mooncakes flavored with tom yum hot and sour spices were sold in Thailand, while in Brazil, orchestral concerts were performed in the cities of Rio de Janeiro, Brasilia, Sao Paulo and Foz do Iguacu to celebrate Mid-Autumn Festival.