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This year marks the 20th anniversary of diplomatic relations between China and Tonga, Lu told a regular press briefing.

This year's forum will, for the first time, hold dialogues with senior executives from multinational financial institutions like the World Bank, the Asian Investment Bank and the Asian Development Bank, in order to discuss efficient ways to mobilize private capital to invest in infrastructure, according to Fang.

Those leaders then went on to set up 214,000 businesses, helping lure more impoverished workers.

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This will allow qualified overseas investors to trade bonds on the mainland interbank bond market, including treasury bonds, local government bonds, policy bank bonds and commercial bank bonds.

This year, President Xi Jinping, Premier Li Keqiang and Chairman of the Standing Committee of the National People's Congress Li Zhanshu all chose Europe as the destination for their first visits.

Those naysayers are clearly still judging the Chinese economy by speed of growth. In fact, the Chinese economy is already in transition from a phase of rapid growth to a stage of high-quality development. In the first half of this year, 7.37 million new urban jobs were created, and 19,400 new enterprises were established per day. Consumption contributed 60.1 percent to economic growth, and the tertiary industry contributed 60.3 percent to GDP growth. It is safe to say that the Chinese economy is in a stable and firm pattern, and more progress is in sight.

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This was the first time for him to watch the national flag being raised at Tian'anmen Square, Tang told reporters after the ceremony.

Though China has included victims as a major party in its criminal litigation system, such as with victim-offender reconciliation, the plea bargaining pilot program failed to do so, according to Mo Wenxiu, a member of the Standing Committee of the National People's Congress, during a panel discussion on a report about the pilot program's progress.

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This year's celebrations, which were organized by the London Chinatown Chinese Association, were themed "celebrating the 'golden era' for UK-China Relations", referencing a phrase that became popular during President Xi Jinping's state visit to the UK in October 2015.

This would bring most of the companies better sales in the second quarter of this year, Qi added.