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China has been aggressively promoting the use of electric vehicles and building a nationwide charging station network to fulfill the power demands of 5 million electric vehicles by 2020.

China has become a vital refuge for US companies after overcoming COVID-19, as the country's rebounding consumer economy has helped offset the damage from tumbling sales back home, the Wall Street Journal reported.

China has adopted guidelines to boost innovation-fueled growth. The country will deepen reforms to enhance the level of entrepreneurship. This in turn will help increase employment and expand growth. In the series below, China Daily interviews a group of expatriates, who have set up their own businesses in Shanghai and Shenzhen.

China has asked State-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, the Ministry of Finance said on Wednesday.

China commended the move, Lu said, adding that such a move shows respect for the objective fact that there is only one China and Taiwan is a part of China.