The Canton Fair is held every spring and autumn and is seen as a barometer of the country's foreign trade.
The Chinese central bank announced on June 24 that it will cut the rate of reserves to be kept by commercial banks with it by 50 basis points starting July 5. The measure will facilitate targeted lending to small and micro enterprises.
The China Securities Regulatory Commission said last June that qualified wholly foreign-owned enterprises and joint ventures can apply to become privately offered fund managers at the Asset Management Association of China.
The China Center for Internet Economy Research predicted that transactions for used goods in the country are expected to exceed 1 trillion yuan (2 billion) this year.
The Chinese economy has been moving up in the global supply chain, and in recent years, efforts to switch from a model driven by export and investment to being driven by consumption and innovation have borne fruit.
The China-Central Asia Gas Pipeline, running from the border between Turkmenistan and Uzbekistan, passing through Uzbekistan and Kazakhstan and linking up with China's West-to-East Gas Pipeline in Horgos of the Xinjiang Uygur autonomous region, has delivered over 19 billion cubic meters of natural gas to China during the first six months of this year, according to PetroChina West Pipeline Co.
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The Chinese company's comments came after the US Department of Commerce issued new rules that could block Huawei and its suppliers from using US technologies for design and manufacture of semiconductors.
The Central Sidangkou Village, a village in Tianjin not well-known to the rest of the world, is renowned worldwide for its mass production of saxophones.
The Chinese Olympic men's shooting gold medalist Yang Ling also came to the celebration, saying that he was very happy to meet all the torchbearers and hoped to see all his friends again at the 2022 Beijing Winter Olympics.
The Chinese government subsequently opened four special economic zones in 1980 based on the Shannon model. These became a major driving force for China’s economy, allowing private investment to flow into the country and allowing for a huge transfer of skills and technology to take place.