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China now boasts an army of online hosts such as Chen who first attain popularity by hosting short videos, and then convert that fame into a sales machine, to peddle a variety of products.

China should step up development of the knowledge-based services sector and increase the number of jobs that require higher level of knowledge and intelligence, such as lawyers, accountants, designers, and engineers. This is one existing shortcoming that needs to be overcome using China's new "dual-circulation" development pattern.

China will also work to better protect intellectual property rights and further promote the use of negative lists for a more convenient and equitable policy environment for overseas investors, the premier stressed. Negative lists specify areas where investment is prohibited — all other areas are presumed to be open.

China produced 1.85 million vehicles last month, a decrease of 21.2 percent year-on-year, while sales reached 1.91 million units, down 16.4 percent compared with a year earlier.

China will continue to carry out the China-US phase one deal and implement reform and opening-up measures that have been announced, including lifting share restriction in sectors including securities, fund management, futures, and life insurances.