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Liquidity will be kept reasonably sufficient, without resorting to massive stimulus. Instead, the direct, structural monetary policy tools will be better leveraged to make sure the money goes to where it is needed the most and is primarily channeled to the real economy, especially to smaller firms.

The State Council believes that the decision to postpone the election has a solid legal basis, and fits the current epidemic conditions in the HKSAR, Xia said, calling it necessary and appropriate.

"The market has changed so much that I can barely recognize it," said Wang, adding the place has undergone a massive makeover in the past two months, with new roads and renovations making its operation more organized.

BEIJING, Sept. 2 (Xinhua) -- China has vowed to deepen its reform to create a new development pattern featuring dual circulation, under which the country will strive to improve the allocation of resources, pursue coordinated regional development and open up the economy further.

Walking into the fields, Xi learned about post-flood production recovery from the working villagers and stressed that it is necessary to adjust measures to local conditions, step up planting, minimize disaster losses, and strive for a good harvest in autumn.