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China's great achievements in socialism with Chinese characteristics do not only mean that socialism has gained strong vitality in China, but has also expanded the pathway to modernization for developing countries around the world, said President Xi Jinping, also general secretary of the CPC Central Committee and chairman of the Central Military Commission.

China's investor protection system needs to improve to deal with risks related to such structures, said Li Shuguang, a law professor with the China University of Political Science and Law. He mentioned specific areas such as the regime of class action lawsuits litigated by small and mid-sized investors, detection of insider trading, as well as transparency and information disclosure.

China's foreign exchange reserves fell slightly to .11 trillion in August, according to data the People's Bank of China released on Friday.

China's digital trade is expected to lead global trade development, with the economic value of digital trade-enabled productivity benefits to the Chinese economy estimated to reach 37 trillion yuan (.5 trillion) by 2030,according to a report on how China can capture digital trade opportunities at home and abroad.

China's economy shows a "broadening recovery" as gauges of the manufacturing and nonmanufacturing activity climbed to their highest levels in three and eight years respectively, the Wall Street Journal reported.