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The country has been increasing the overall utilization rate of renewable energy, with the national average consumption rate of wind power reaching 96 percent, that of solar photovoltaic power hitting 98 percent, and that of water energy in major river basins reaching 96 percent in 2019, the document said.

The country will pursue a prudent monetary policy in a more flexible and appropriate way, using a variety of tools including reserve requirement ratio cuts, interest rate reductions and relending to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, said the report.

The country is now a responsible and influential nation in the world in terms of its economy, diplomacy and culture. We have witnessed China's greatest achievements in the past five years and not just in the field of economics. There has also been great progress in modernization, innovation and globalization.

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The country will work on policies to allow institutions such as social security funds, insurance companies, brokerages, and fund companies to invest in the capital tools that commercial banks issued to replenish capital.

The conference was initiated in 1997 to involve system and network administrators, hackers and computer security experts, as a pal event of DEF CON, whose annual meeting will start on July 27 when the Black Hat is concluded.

The country will continue to stabilize macroeconomic policies, market expectations and the financial market, by sticking to its proactive fiscal policy and prudent monetary policy, taking forward-looking and effective macroeconomic regulation measures, and properly defusing risks, he added.

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The contraction has a strong expansion effect and the main reason is that lowering the RRR means commercial banks will have less money locked up by the central bank and more money for free use, the PBOC said.

The country also will expand the funding channels for enterprises, including measures to enhance the credit support and services and to reform rules for state capital to take part in venture capital investment.

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The conclusion was made after comparing the situation in May-June with that in H1 2018, Wang Chunying, chief economist and spokesperson for the State Administration of Foreign Exchange (SAFE), told a press conference.

The contract for settlement in December 2020 opened 0.01 percent lower at 100.36 yuan. The contract for settlement in March 2021 had no trading at opening.