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China plans to lift at least 10 million people out of poverty this year, according to the annual government work report made by Premier Li Keqiang. The country will put more effort into developing local industry, education and healthcare, according to the report.

China last Monday reported a faster-than-expected GDP growth of 6.9 percent in the first half of the year. Thermal coal and electricity consumption rose by 8.2 percent and 6.3 percent respectively in the first six months year-on-year, the largest increase in recent years, data from the National Development and Reform Commission show.

China should have an expansionary and much stronger fiscal policy in order to increase public spending and prevent a further slowing of economic growth, said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.

China will continue to pursue a proactive fiscal policy and prudent monetary policy, advance reform and opening-up, widen market access, improve the business environment, and expand imports and outbound investment to contribute to a stable world economy, Chinese Ministry of Foreign Affairs said on Friday after the G20 Leaders' Virtual Summit.

China may introduce an ESG reporting mechanism for listed firms to require more transparency in disclosing information related with environment, social and governance issues, the China Securities Regulatory Commission (CSRC) said Monday.