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China's fourth national economic census is vital in projecting the new economic situations, particularly the development of new growth drivers, said Ning Jizhe, deputy head of the National Development and Reform Commission and head of the National Bureau of Statistics (NBS).

China's foreign trade declined 3.2 percent year-on-year to 14.24 trillion yuan (.03 trillion) in the first half of 2020, with the rate of decline falling by 1.7 percentage points compared with the figure in the first five months of this year, the GAC said.

China's nonmanufacturing PMI stayed unchanged from the previous month and stood at 54.3 in May, registering the fifth month in a row with a reading of above 54.

China's new development philosophy, which embraces innovation, coordination, going green, openness and sharing, is the guidance of the 14th Five-Year Plan, which is also a significant part of Xi's economic thought, said Yang Weimin, deputy director of the Economic Affairs Committee of the Chinese People's Political Consultative Conference National Committee.

China's first batch of car plates for road tests of connected cars was issued in Shanghai on Thursday, allowing vehicles to be test driven on a 5.6 kilometer-long road, which demonstrates the lead the city has taken in applying intelligent and connected car technologies across the country.