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Zou Ji, president of Energy Foundation China, said the carbon neutrality goal will essentially decide the future path and prospects of the Chinese economy, triggering radical changes to the domestic economic structure.

The U.S. government has once again approved arms sales to Taiwan, which severely violates the one-China principle and the three China-U.S. joint communiques, Ren said.

The report released by the China Internet Network Information Center noted that China's online retail sales in the first half of 2020 had risen by 7.3 percent year on year to exceed 5.15 trillion yuan (about 758.5 billion U.S. dollars), citing National Bureau of Statistics figures.

With new steps to be taken in reform and opening up, China will further improve its socialist market economy and basically complete the building of a high-standard market system.