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China's foreign exchange regulator, the State Administration of Foreign Exchange, attributed the rise of forex reserves in June to stable cross-border capital flow and the relative appreciation of non-U.S. dollar assets.

Thirdly, we should work together to achieve more inclusive global growth. Currently, global economic growth is not balanced, and technological advances work against job creation. According to the projection of the World Economic Forum, artificial intelligence will take away more than 5 million jobs in the world by 2020. The G20 has an important mission, which is to reaffirm the vision of pursuing inclusive growth agreed upon at the Hangzhou Summit last year, and strike a balance between fairness and efficiency, between capital and labor, and between technology and employment. To achieve this goal, we must ensure synergy between economic and social policies, address the mismatch between industrial upgrading and knowledge and skills, and ensure more equitable income distribution. The G20 needs to place more importance on cooperation in education, training, employment, business start-up and wealth distribution-related mechanisms, as progress on these fronts will make economic globalization work better.

State Council inspection teams have just returned from checking whether local governments were following cabinet orders to cut red tape, lower administrative cost for businesses and provide incentives to start-ups, among others.

The 15-day process is time-consuming as many other business approvals have been abandoned or are moving much faster.

China stands ready to actively participate in the construction of Thailand's Eastern Economic Corridor and help with the country's economic development, he said.