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As nation advances, pressures expected from global economy, pandemic spread

As of June 30, the SOE's debt-to-asset ratio was 66.72 percent, with a decrease of 0.55 percentage point from the end of 2017. Its net cash inflow reached 6.74 billion yuan, a record high in the past five years and an increase of 1.38 billion yuan year-on-year.

As part of its efforts to comprehensively deepen reform and opening-up, China rolled out a plan in October for building the island province into a pilot free trade zone, giving it more autonomy to speed up the fostering of an international and convenient environment for business, tourism, finance and other industries.

As more Chinese people travel abroad during this year's summer holiday, the boom in mobile payments has reached several countries, according to latest data from the nation's leading mobile payment service.

As long as the two members of the United Nations Security Council boost mutual understanding and engage in dialogue and cooperation, they can expect to see progress in the relationship, a more sustained development and benefit to the world, Wang said.