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China's insurance sector ran smoothly with dropping leverage rates and risks generally under control in Q2, the meeting said.

China's first cargo airport, located in Ezhou, Hubei province, will be put into use by either the end of next year or early 2022. Ezhou Airport is expected to handle 3.3 million metric tons of freight by 2030, according to the commission.

China's deficit-to-GDP ratio this year is projected at more than 3.6 percent. The ratio was 0.8 percentage points higher than that of last year. The deficit increase is projected at 1 trillion yuan (0.6 billion) over last year, according to the 2020 Government Work Report.

China's national football team may be absent from this summer's World Cup, but Chinese fans may still have the chance to cheer on a few of their favorite soccer stars - so long as they hail from Spain, that is.

China's foreign exchange reserves were recorded at .11 trillion as of late June, up 0.3 percent from a month earlier, said Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, on Tuesday.