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Beijing-based insurtech startup Waterdrop Inc announced it will officially launch a comprehensive anti-cancer mutual aid program for patients with mild diseases in September.

Beijing is quickening its pace in the semiconductor sector in light of brewing trade tensions with the United States. Washington imposed a seven-year prohibition from buying any US technologies on Chinese telecom equipment maker ZTE, a move that threatens its supply chain.

Because of such steps, the province is on track to meet this year's growth target, Chen said.

Beijing's State-owned enterprises saw foreign trade reach 918.57 billion yuan during the period, down 24.7 percent year-on-year, accounting for 69.3 percent of the city's total foreign trade. The import and export value of private enterprises reached 123.59 billion yuan, up 4.4 percent year-on-year.

Beijing Internet Court has accepted more than 200 applications of lawsuits, including one involving Douyin, a popular domestic short-video application, only a day after its establishment, according to a statement from the court on Monday.