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China's efforts to enhance bilateral relations with South Asian countries do not target any third party, nor does the nation seek to turn the region into its geopolitical backyard. It aims to promote a peaceful and prosperous South Asia, which is in the interest of China and all countries in the region, they added.

China's defense sector is taking bold steps to be more competitive and innovative, as it prepares to mark the 90th anniversary of the founding of the Chinese People's Liberation Army on Aug 1.

China's onshore corporate bond market will most likely be the last to benefit from further opening-up measures in the financial system, which aim to boost foreign capital inflows. The measures may include QFII relaxation and license extension to foreign securities firms and asset managers, as well as potential investment banking and asset management license extensions to select banks, said Xing.

China's national anthem "March of the Volunteers" has lyrics by poet Tian Han and music by Nie Er.

China's manufacturing sector is still in the medium stage of industrial modernization, with big differences in automation and digital capabilities among different sectors, regions and companies, leading to different market demands, according to a report released by CDF organizer, the Development Research Center of the State Council and Bosch Group.