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China officially granted licenses for commercial use of 5G on June 6. From conducting the world's first 5G-enabled brain surgery on a human, transmitting 8K ultrahigh-definition TV content through 5G networks and piloting self-driving buses and cars, China is pioneering cutting-edge technologies for commercial use.

China reduced its holdings of US treasuries to a seven-month low in January, amid concerns that the world's largest bond market might suffer headwinds from impending interest rate increases.

China launched strict new regulations in June that require foreign firms to store data locally and outsource hardware elements to local partners.

China welcomes Mongolia's active participation in the activities and development of the Shanghai Cooperation Organization, Xi said.

China launched the Shanghai Financial Court, the country’s first court specializing in handling finance-related cases. Two international commercial courts were set up by the Supreme People’s Court.