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Looking forward, the PBOC may squeeze in a cut in the required reserve ratio in the second half to alleviate a liquidity challenge during the issuance of special treasury bonds, according to Stephen Chiu, Asia FX and Rates Strategist, Bloomberg Intelligence. Also, it's unlikely to repeat monetary easing in large steps as happened in the first six months, he said.

Local governments have never poured money to subsidize companies' specific products. Instead, they are using a small sum of money to guide domestic companies to step up investment in crucial technologies, in the hope of tackling industry-wide bottlenecks. A majority of the investments came from companies themselves, Qu said.

Looking forward, Bian said China's opening-up policies, relative stability of financial markets and digitalization of financial business will help offset the negative impact of the pandemic on expansion of foreign financial institutions in China.

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Looking ahead, "the Chinese people's expected rise in income will open up a series of opportunities in niche markets" for a range of Argentine products with high degrees of differentiation, including wine, sustainable goods, fashion, design and audiovisual production, said Bustelo.

Located above 4,000 meters above sea level, Tibet is one of the main grounds in China's nationwide battle against poverty. The region has made great progress since anti-poverty campaigns began, and it needs to consolidate the results, said Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development, at the conference.

Local talents and research and development are also integral parts of Daimler's localization efforts. With a strong local team and comprehensive training programs for employees, Daimler continues to contribute to the development of the Chinese automotive industry. To even better learn the tastes of customers in China and develop products that fit local demand, the Mercedes-Benz Research & Development China Center was opened in Beijing in 2014, and has become Daimler's most comprehensive R&D center outside of Germany.

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Local governments told to provide accurate information to authorities

Longin Bizimana is one of them.

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Location: Cupertino, California.

Looking ahead, the country's continuous endeavors to optimize the renminbi exchange rate formation mechanism, as well as the foreign exchange market reforms, will help further stabilize the market, Wang said.