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The global use of the Chinese yuan is one highlight of China's financial reforms over about a decade, Pan Gongsheng, deputy head of the People's Bank of China (PBOC) said at a meeting Monday.

The government has channeled more energy into improving the service sector, including measures to gradually open up the finance, education, culture and medical industries.

The fourth China-Arab States Expo will be held in Yinchuan, capital of Northwest China's Ningxia Hui autonomous region, from Sept 5-8.

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The government will create a more enabling environment for veterans to start businesses, with measures set up in reserved areas for veterans in startup incubators or industrial zones. Veterans who set up businesses are entitled to financial and tax benefits, the guideline said.

The government will further eliminate joint-venture requirements for foreign private cross-border investment and make more efforts to create a fair business environment for all market participants, Meng said.

The fourth phase of Fenhe River treatment and beautification project received an investment of 1.48 billion yuan (1.44 million) and is expected to be finished by the end of 2021.

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The global health challenge the world is facing, and corporate social responsibility (CSR) require more united alliances, friendship and relationships, the executive of a leading medical company said.

The government plans to submit the bills to the ongoing Diet session and hopes to put them into effect as early as April 2021.

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The government is studying bonded policies covering the full industrial chain in a bid to forge new business forms with a competitive edge and nurture new growth engines of foreign trade, said Ni Yuefeng, head of the General Administration of Customs (GAC).

The goal to move up the industrial value chain is gaining substantial steam across the country, with a total of 97 intelligent manufacturing pilot projects already announced in October. Companies such as Beiqi Foton Motor Co and Lepu Medical Technology (Beijing) Co are active participants of such initiatives.