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China must strengthen the leadership of the Communist Party of China over financial work, stick to the basic tone of seeking progress while maintaining stability, and respect the rules of financial development, said President Xi Jinping, at a two-day National Financial Work Conference that ended Saturday.

China issued four 5G licenses on June 6, which officially kicked off the 5G era. Major telecom carriers and device makers are all making their biggest push to apply and commercialize the technology.

China unveiled a three-year action plan for improving the rural living environment.

China plans to achieve ultralow emissions at most steel plants by 2025, with 80 percent of raw materials and final products shipped by cleaner methods including railways, ships and pipelines, rather than trucks.

China stands ready to play a constructive role in resolving the nuclear issue on the Korean Peninsula through political and peaceful means, and maintaining communication with the United States on the basis of mutual respect, she said.