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"At present, the prominent restraint on economic development lies in consumption as the main growth engine was seriously affected by COVID-19 earlier this year. It has been picking up in the past few months, yet notable difficulties remain in restoring normal growth. We need to explore new highlights in consumption to spur domestic demand," Li said.

BEIJING, Dec. 6 (Xinhua) -- The performance of securitization transactions in China continues to improve as indicated by lowering delinquencies and rebounding prepayments, Fitch said in a report.

The two sides should meet each other halfway and make joint efforts to this end, he said, making three proposals:

Xi on Friday addressed the opening ceremony of the 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit via video, laying out four proposals.

"Civil servants must uphold their country's constitutional laws and honor the pledge of allegiance to the motherland, which is the basic political ethics in all countries," Zhao said.