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Details of five illegal land reclamation cases discovered around the country in the second quarter of the year were released by the Ministry of Natural Resources on Wednesday.

Djuric said that when he read President Xi Jinping's book The Governance of China this year, he was impressed by the achievements of the system of socialism with Chinese characteristics, particularly in poverty alleviation, with more than 700 million people having been lifted out of extreme poverty in the past four decades.

Different from New York, London has taken its leading position among the global financial markets in terms of the offshore business. It has long been the world's largest foreign exchange market, taking up more than 40 percent of the world's foreign exchange transactions.

Domestic producers increasingly focus on overseas markets, in bid to internationalize industry

Developing the capital market has become more significant for the Chinese economy than before, said Xu Biao, chief strategy analyst with Wuhan, Hubei province-based TF Securities.