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That helped keep the industrial base strong, thereby creating a fresh development opportunity for the region now, said Weng from the SASAC.

Thankfully, the government is helping secure the labor rights of people in flexible employment, such as food deliverymen and Didi drivers.

Temporary employees work at a garment production facility in Liuzhou, the Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily]

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That is significant because China's small and medium-sized companies once suffered from unrealistically high valuations that were not supported by performance. Bloomberg forecast that the price-to-earnings ratio for the year will likely fall from more than 80 times to 24 times the current level.

Thanks to China's effective control of the pandemic, the country is the only major economy achieved economic growth in the second quarter, but the central bank also pays attention to some difficulties emerged in the recovery, such as the pressure on employment and medium and small enterprises, Yi said in the interview with Xinhua.

Thanks to social networking apps like WeChat and FaceTime, TCM practitioners can have a "relatively comprehensive view" of a patient by conducting three of four TCM diagnosis techniques-looking, listening, and questioning, he says.

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Ten speakers from various professional backgrounds shared topics about being brave at TEDx Xujiahui in downtown Shanghai on Sunday.

Tensions between Washington and Tehran have intensified after the United States rolled out a new round of sanctions on Monday targeting Iran's Supreme Leader Ayatollah Ali Khamenei and some senior officials, days after the downing of a US military surveillance drone by Iran.

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Thanks to the large-scale tax and fee cuts and other support policies, private and small companies enjoyed a better business environment. Their profits bucked the downward trend to expand 2.2 percent and 5 percent year on year, respectively.

Tencent came out of an extended regulatory freeze in new games as it rode Peacekeeper Elite and other titles like Honor of Kings to reignite growth in a business that contributed 30 percent of its revenue. The company said it released 10 games in the second quarter.