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China suffered from stronger rainfall during the flood season this year compared with the same period of previous years, with 32 times as much torrential rain hitting the country, the second-highest since torrential rain was first recorded in 2013, said Ye.

China welcomes foreign enterprises to take part in the country's mixed-ownership reform, as a list of State-owned enterprises to carry out such reform is soon to be released, top officials said Thursday.

China will also strengthen financial support to promote the scale of industrial agglomeration and enhance the industrial competitiveness of major industries in Hainan, as well as innovating and developing trade finance, consumer finance, green finance and technology finance.

China should invest more in researching and developing new drugs, as well as intellectual property protection, even though generic versions of existing brand-name drugs can bring short-term benefits, said Margaret Chan, former director-general of the World Health Organization.

China played an important role in Valeo's business due to the rapid development of new energy cars and self-driving vehicles in the country.