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BEIJING, Feb. 26 (Xinhua) -- China on Friday held a symposium to commemorate the 100th anniversary of the birth of Fang Yi, a veteran revolutionary and former vice premier.

BEIJING, Feb. 22 (Xinhua) -- President Xi Jinping's speech at a symposium on news reporting and public opinion on Friday has generated discussions across domestic media outlets.

Rather than adopting strong stimulus policies that would have an economy-wide impact, we continued to move forward with structural reform. We intensified reform to streamline administration, delegate more powers, improve regulation, and provide better services. We delegated the power or cancelled the requirement for government review for 311 items, cancelled the requirement for verification or approval for 123 professional qualifications, and put a complete stop to the practice of non-administrative review. The number of items which require government approval for new businesses prior to registration was cut by 85%, and the system of a separate business license, organization code certificate, and taxation registration certificate was replaced by a unified business license with a unified social credit code. Both operational and post-operational oversight over businesses were strengthened, and public service procedures were improved. Government-related procedures for individuals and businesses were made much simpler, such that enthusiasm for stepping out into business and making innovations is rising by the day.

The amnesty was adopted by China's top legislature and signed by President Xi Jinping on Aug. 29, 2015, before a national commemoration of the 70th anniversary of the end of World War II.

Despite recent drops, China still holds the world's largest foreign exchange reserve, which is a powerful weapon and can be used to cushion financial volatility.