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The reform of the RMB exchange rate formation mechanism has also been effectively advanced, with the RMB exchange rate flexibility constantly increasing.

The provinces of Sichuan, Shaanxi and Shandong and the municipality of Beijing will soon start local government bond issuances over the counter of commercial banks.

The reforms include solid steps taken to cut outdated excess capacity, and that "zombie enterprises" are handled in a timely fashion. Deleveraging SOEs and the reduction of corporate debt will be prioritized to keep risks under control, according to the State Council.

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The provision coverage ratio is one of the most significant indicators of risk for Chinese financial regulators, who believe that sufficient reserves could keep the 268 trillion yuan (.3 trillion) banking sector－the world's largest－away from systemic risk.

The question on the mind of many observers of Ethiopia, one of Africa's most dynamic economies with a growth rate of about 10 percent for the last decade, is: will it become "the China of Africa"?

The provision of physical rehabilitation and restorative care services has been expanding nationwide since 2008, when the central government decided to include them in the basic healthcare insurance system.

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The provincial capital is intensifying efforts to develop a sophisticated hydrogen energy industrial system to reduce reliance on fossil energy and fill the gap in limited sources of sustainable energy, Chen Jianrong, deputy director of Guangzhou Municipal Development and Reform Commission, told a press conference.

The province earned a total revenue of 33.55 billion yuan (about .9 billion) from rural tourism in the first half of this year, which has recovered to more than 60 percent of the same period last year.

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The reforms will take effect on July 28, according to the National Development and Reform Commission, China's top economic planner.

The quarter-on-quarter growth of Yu'E Bao's assets under management is about 30 percent.