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China will launch a new three-year renovation plan to address housing in rundown urban areas, starting with construction of 5.8 million units this year.

China will develop three to five technology trade market hubs, and train 10,000 professional agents for technology transfer.

China's big internet firms saw steady business revenue growth in the first five months of this year, with the stable market expansion of online gaming and video and music streaming apps.

China's central bank supported a new action plan by G20 finance ministers and central bank governors to help small and medium-sized enterprises hit by the coronavirus pandemic, a statement said on Wednesday.

China will form a new ministry to push forward the development of the agricultural sector and rural areas, if a reform plan submitted to the national legislature for deliberation on Tuesday is approved.