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He Jiankun, deputy director of China's National Expert Committee on Climate Change, also said that as of the end of June, about 330 million metric tons of carbon emission allowances had been traded for 7.1 billion yuan ( billion) in seven regions, including Hubei province, Beijing and Shenzhen, Guangdong province, where carbon trading markets are being tested.

He added that a trade war would harm both countries given the interdependence of the US and Chinese economies.

He also called on the NPC and its standing committee to be completely clear about their functions and responsibilities.

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He Lifeng, head of the National Development and Reform Commission, made a report on the enforcement of the national economic and social development plan at the meeting.

Having wounded the publishing industry, slashed pricing in electronics and made the toy industry quiver, Amazon is taking on the high-end clothing business in its typical way: go big and spare no expense.

He also stressed that Huawei would always take cybersecurity and privacy protection as the company's top guiding principle. "We raise our awareness of cybersecurity to such a high level because we are facing the future of cloud computing era underpinned by cybersecurity," said Ren.

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He also outlined details of an upcoming executive order that aims to reform some policing practices but likely will fall far short of what activists are demanding in the wake of the death of George Floyd last month.

He also mentioned that the company has established strategic cooperation with Nanjing Legend Biotech Co, a Chinese biotech startup based in Nanjing, Jiangsu province, hoping to make more breakthroughs in CAR-T therapy, a form of immunotherapy that uses specially altered T cells to fight cancer.

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Having received feedback from 190 insurers, the survey showed that equity investment accounted for 8.4 percent of their investment portfolio, and the volume of investment rose 80 percent from the previous year.

He also underlined the need to uphold the international system with the UN at the center, safeguard multilateralism and oppose unilateralism, and promote trade and investment liberalization.