科技引领未来创新驱动发展

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In the second quarter, China's GDP held steady, posting a rise of 6.9 percent year-on-year, flat from the first quarter and slightly higher than the previous market consensus of 6.8 percent.

In the long term, however, the deleveraging process should continue for prevention of financial risks and easing the already-high debt ratio, they said.

In the past 20 years, the unprecedented large scale of urbanization has led to a housing shortage and booming demand, but he said it has ended, citing the fact that the ratio between the number of families and housing units in China has just passed 1. Growth is expected to slow after each family owns more than 1.1 units of housing, which is the case in many developed countries.

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In the meantime, it is not at all difficult for China to achieve the goals in sole economic terms, because the Chinese economy only needs to grow 1.7 percentage points higher than that of the United States during the 2016 to 2049 period, he said.

In the short term, the new mobile payment application will not have a substantial impact on Alipay and Tenpay, which have dominated China's mobile payment market, but will reduce market concentration, he said.

In the phone call, Xi mentioned Moon's recent state visit to China, saying that the two sides have reached important consensus on developing their strategic cooperative partnership.

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In the past four decades, CASS has played the role of a think tank to provide services for the decision-making process of the Party and the government, Xi said.

In the longer term, Pang expects the Chinese economy to maintain a GDP growth rate of about 6 percent for the next decade, with the development of 5G-related industries an important driver.

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In the meantime, there is a trend of commercial banks cooperating with internet and fintech companies to introduce business scenarios for consumption, payment, borrowing and investment on their own platforms, Yan added.

In the past two years, TAILG has donated electric bicycles with energy-saving and longer riding range to the UNEP, to launch test projects in many countries.