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As the tide of history surges with vigor, our world today is experiencing profound changes unseen in a century. We are witnessing a notable increase in uncertainties in the international landscape and rising challenges to the existing international system and order. Yet peace and development remain the call of the day, the trend of economic globalization and multipolarity is moving forward on many fronts, and the application of ICT (information and communication technology) and cultural diversity are reshaping our societies in profound ways. In the past year, Chinese diplomacy has neither been sidetracked by distractions, nor been deterred by winds and storms. Instead, it has kept cleaving waves and forging ahead, serving as an anchor of stability in a fast-changing world and an abiding source of confidence in a time of shifting dynamics.

As policy support takes effect and eases the burden of costs and expenses faced by industrial firms, growth in industrial production and profit may stabilize in the second half, Zhang said.

As the Chinese banking sector was in a better shape, policymakers decided to allow them to get listed on both domestic and overseas stock markets to further improve their corporate governance, laying a solid groundwork for them to grow stronger and more competitive.

As the cases of global M&A rise, the MOC has been actively cooperating with international law enforcement agencies, and signed a memorandum of understanding on antitrust cooperation with the market regulator in the United Kingdom.

As the BRI continues to expand in scope, so do concerns over financial challenges, as China has issued infrastructural loans to some poor developing countries that are heavily in debt, creating potential for debt-sustainability problems for these nations.