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"Nevertheless, we will seriously handle, in accordance with the law, such illegal acts where collusion with a foreign country or with external elements to endanger national security are genuinely involved," the spokesman said.

"For some time, the United States has been escalating political suppression of Chinese media, which has now reached a hysteria extent," he said.

China will expand the opening-up of the sector, implement major financial opening-up measures and accelerate the development of the reinsurance market, according to the document.

BEIJING, Aug. 3 (Xinhua) -- The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner.

"In view of the COVID-19 impacts, financial institutions have notably intensified their support for the real economy, especially for micro, small and medium-sized businesses. Their efforts have paid off," Li said, "Unlike previous unforeseen situations, the novel coronavirus has hit smaller businesses directly. The financial and fiscal support has been instrumental in staving off massive business closure and job losses."