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Realizing the different requirements of enterprises, Fuzhou has come up with multiple preferential policies for various sectors.

REUTERS/AFP

Redfield, however, said he was quoted accurately. "I think it's really important to emphasize what I didn't say: I didn't say that this was going to be worse," Redfield said.

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Regarding the Canadian Consulate in Hong Kong's decision to suspend its local staff's travel to the Chinese mainland, Geng said China respects Canada's own decision.

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Railways carried 246 million tons of cargo last month, up 17 percent year on year, up from a 15.5-percent growth in June, according to figures from the China Railway Corporation (CRC).

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Real estate giant China Poly Group Corp just released a new membership program in Beijing for clients from different industries to share resources and profit, the company's top management said.

Reform and opening-up are set to add value to China's healthcare industry.

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Referring to the latest advocation of China threat in the West, Kennedy said that it could be a "too colorful" portrayal which failed to understand China's worries and weaknesses.

Raphael Angieri, a senior from Georgetown University majoring in culture and politics, won first place. In his speech, Angieri recalled his first time in China living with a host family in Beijing six years ago.