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During the same period, the growth of large industrial enterprises increased by 6.9 percent year-on-year, the highest level since 2015. These statistics are highly impressive and encouraging.

During the process, financial education is crucial, said Marco Ma, vice-president of Visa. It is about educating all the ecosystem stakeholders, including consumers and service providers, to develop a healthy foundation of responsible finance and responsible consumers through building their financial knowledge and understanding of risk, Ma said.

During the May Day holiday, which started on May 1 to and finished on May 4 this year, the city's travel revenue hit 353 million (million) yuan, up 64.1 percent year-on-year, according to the bureau.

During the previous meetings with Moon and a separate historic summit with US President Donald Trump, Kim had expressed his commitment to the complete denuclearization of the peninsula. He has also ordered the dismantling of nuclear and rocket-engine testing sites. But nuclear diplomacy was later stalemated as US officials demanded Pyongyang take more significant steps before receiving concessions such as a joint declaration to end the Korean War.

During the meeting, the senior leaders reviewed 17 documents and discussed a wide range of reform issues covering such areas as supervision of State-owned assets, poverty reduction, rural environmental protection, protection of lakes, education, rural farmland, health and intellectual property.