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Li Xunlei, chief economist at Zhongtai Securities Co Ltd, said that the monetary authority will likely guide more on-balance sheet bank loans into the markets to ensure sufficient credit supply after the regulators moved to contain surging risky off-balance sheet financing by banks.

Li Daokui, economist at Tsinghua University, delivers a speech at a parallel forum on The Global Implications of China's Financial Reforms at the Summer Davos in Dalian, Northeast China's Liaoning province, June 27, 2017. [Photo/VCG]

Li arrived in the central Asian country on Thursday for an annual meeting of heads of government of the Shanghai Cooperation Organization member states and an official visit.

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Li also promised that China will import more high-quality agricultural goods that are suited to Chinese consumers from CEE nations.

Li Juan, 30, is another beneficiary of e-commerce in the county. Li was seriously paralyzed after a fall in 2008. Despite the setback, she turned to e-commerce and created her own brand. Now she has become one of the most successful businesspeople in Dangshan.

Li Tuo recently took out a 260,000-yuan (,401.4 )loan for his family of four to move out of their 50-square-meter flat into a bigger four-bedroom apartment and save rental costs over the next three years.

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Li became a resident of Xiongan when the central government unveiled plans for the area's establishment in April. "I applauded loudly when I heard it," Li said, adding that a bright future is ahead for the area's residents.

Lennart Nilsson, counselor for agricultural affairs with the Swedish embassy, said the figures for China's poverty relief are impressive.

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Li Jingya and Zhang Haizhi contributed to this story.

Less than a month ahead of Spring Festival, the most important family gathering festival in China, the island's aviation authority has decided not to approve 176 additional cross-Strait flights operated by China Eastern Airlines and Xiamen Airlines.