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As an important participant in global value chains, China's initiative to expand imports and greatly ease market access will effectively reduce the cost of joint construction of new global value chains by companies in various countries, and significantly increase the operational efficiency of the global value chains.

As a sound base for a stable renminbi, "the Chinese economy has shown signs of bouncing up, shown by the faster-than-expected growth of industrial output, retail sales, and credit in the first quarter, and this means that economic activity is improving with supportive policies", said Wang.

As for Chinese technological giant Huawei and 5G technology, Liu said the company will be a "great help" in achieving the ambition of Johnson's Cabinet of completing the nation's 5G network.

As a result of incessant downpours, at 7 am on Friday, the average water level of Taihu, the third largest freshwater lake in China, reached 4.65 meters－the upper limit that can ensure the safety of its embankments and affiliated projects－according to the Taihu Basin Authority of the Ministry of Water Resources. The highest water level of the lake was 4.97 meters in 1999.

As a senior researcher at Nationstar, one of the largest manufacturers of LEDs in China, Yuan has led a team to complete the company's research on a key LED technology, which enables high efficiency and a long life span.