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The CPC at the 19th National Congress pledged to support and encourage employment and business start-ups in rural areas, and to open more channels to increase rural incomes.

The COVID-19 epidemic has dealt a heavy blow to China's economic and social development, with economic growth contracting 6.8 percent in the first quarter of 2020.

The CNS Liaoning aircraft carrier and a new-generation nuclear-powered ballistic missile submarine participate in the sea parade on Thursday. ZHANG KAI/HU KAIBING/FOR CHINA DAILY

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The CBRC expects to rein in increasing violations, redirect capital to the real economy, and prompt banks to focus on their main business.

The BDS system is also serving more than 50,000 pieces of agricultural machinery, saving 10 percent of fuel consumption. The system's positioning and short message communication functions have assisted over 70,000 fishing boats and law enforcement vessels, Ran said.

The CLI is designed to provide early signals of turning points in business cycles showing the fluctuation of the economic activity around its long term potential level.

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The CSI 300 index, composed of major companies listed both in Shanghai and Shenzhen, also ended sharply higher, up by more than 3.6 percent, marking the best one-day gains since late March.

The C919, China's first home developed large passenger plane, won another 130 orders from four domestic leasing companies on Tuesday, the largest number of orders since the successful debut flight of the aircraft in May.

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The Blink Home Security product suite. (Blink Photo).

The Bond Connect, which was launched in July in Hong Kong, is expected to funnel hundreds of billions of dollars into the Chinese mainland's trillion interbank bond market, said Zong Liang, a chief researcher at Bank of China, in a research note.