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China's growth, on the other hand, has been revised upward from October by 0.2 percentage point to 6 percent for 2020 due to the recent US-China trade breakthrough.

China's crayfish market is worth more than 140 billion yuan ( billion), according to media reports. Nearly 18,000 restaurants focused on serving crayfish as of August 2016, three times the number of KFCs in the country.

China's listed banks entered a period of stability with steady growth and lower non-performing loan ratios and overdue loan ratios in the first half of the year, but pressure for competition may mount and lenders need to increase their pricing and cost control abilities, according to a report.

China's hosting of a 17+1 cooperation summit in the first half of 2020, Wang said, testifies to the great importance Beijing attaches to the mechanism, and responds to the common wishes of the 17 European nations to further lift the level of cooperation.

China's coal industry will deepen supply-side reforms during the 14th Five-Year Plan period (2021-25) and focus on upgrading itself, according to a senior official of the China National Coal Association.