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The confirmation enabled Pompeo to represent the United States to attend an upcoming NATO foreign ministers' meeting in Brussels, and would facilitate his communication with the Democratic People's Republic of Korea (DPRK) to lay the groundwork for President Donald Trump's direct talks with top DPRK leader Kim Jong-un.

The contract value of newly signed projects between the two sides reached .75 billion in the first 10 months, up by 10.6 percent on a yearly basis, reflecting strong resilience and huge potential for cooperation between the two nations.

The country will work on policies to allow institutions such as social security funds, insurance companies, brokerages, and fund companies to invest in the capital tools that commercial banks issued to replenish capital.

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The country's 25 leading excavator makers sold 11,588 units in August, up 33 percent year-on-year, though the growth was milder than a 45.3-percent increase in July.

The contract will enable China to develop its own benchmark for oil pricing in addition to current global benchmarks.

The conference will advocate exchanges, mutual learning, cooperation and sharing in the digital fields and push for peace and development of the global cyberspace, he added.

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The conference, organized by the National Computer Network Emergency Response Technical Team and Coordination Center, will hit the capital from Aug 14 to 16. Participants will hear lectures or attend forums on eight hot cybersecurity issues, such as security in the areas of artificial intelligence and data.

The conference, which was first held in Guangzhou in 2015, is one of the major international events hosted by the city government to promote international cooperation and investment in the city, one of the mainland's major transportation hubs, Wei said.

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The country will continue to stabilize macroeconomic policies, market expectations and the financial market by sticking to its proactive fiscal policy and prudent monetary policy, taking forward-looking and effective macroeconomic regulation measures, and properly defusing risks, the premier added.

The country will speed up the process to shorten the negative lists－which identify sectors where foreign participation is restricted, continuously widen the market access to foreign investment, and revise the catalog of industries where foreign capital is encouraged and increase the number of encouraged items, he said.