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The China Banking and Insurance Regulatory Commission has instructed banks and insurers to take multiple measures, such as cutting lending rates for small businesses by 0.5 percentage point from last year and waiving extra interest charges on overdue loans, to help micro－and small-sized enterprises get through temporary difficulties caused by the novel coronavirus pneumonia.

The Chinese People's Political Consultative Conference (CPPCC) Shenzhen Municipal Committee, the city's political advisory body, has carried out research and consultations on how to make Shenzhen play a bigger role in the Bay Area during the past year, Dai Beifang, the committee chairman, said.

The Cabinet said after its executive meeting on Wednesday that the government will maintain the consistency and efficacy of macroeconomic policies and continue to implement a temporary special transfer payment mechanism.

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The ChiNext Index, China's Nasdaq-style board of growth enterprises, jumped 4.38 percent to 1533.87 points.

The China-proposed Belt and Road Initiative "is a key program to increase connectivity within the region, and between the region and the rest of the world. Trade costs are directly related to the level of connectivity, and as these costs come down, integration is certain to rise," said Menon.

The Chinese mainland and Hong Kong were the destination for 12 percent of the US almond exports, reaching a farm gate value of 8.1 million, said the CDAF.

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The China-Arab States Auto Cooperation Conference witnessed the signing of two Sino-Egyptian agreements that aim to shift the two countries' automotive cooperation toward localization, as part of the growing network of international ties along the Belt and Road.

The China Alcoholic Drinks Association forecast that within three to five years, craft beer market shares will expand three to five times from 1 percent now.

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The Chinese leader stressed that the human race is a community with a shared future that goes through thick and thin together, particularly when facing a pandemic, adding that China is willing to work with the Czech Republic and the wider international community to actively implement joint prevention and control measures to contain the spread of the virus, and strengthen macroeconomic policy coordination at the same time, so as to jointly tackle the challenges to the global economy brought by the COVID-19 outbreak, and firmly safeguard international equity and justice as well as the basic norms of international relations.

The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 105.2 percent in June, down 0.7 percentage points compared with May, according to the China Federation of Logistics and Purchasing (CFLP).