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In July, the State Council, China's Cabinet, released an action plan that required all central SOEs, excluding financial and cultural bodies, to complete corporate governance reforms by the end of this year, which is expected to help clear away institutional barriers for further SOE reform.

In January, Foxconn posted its first annual revenue decline since 1991. The tech giant recorded 6.38 billion in revenue in 2016, down 2.81 percent year-on-year, after its biggest client Apple saw slowing iPhones sales.

In January 2017, Xi delivered two landmark speeches in Switzerland, at the United Nations Office at Geneva (UNOG), and the World Economic Forum (WEF) held in Davos, respectively, outlining his ideas for tackling major world challenges and China's proposal for a global community with a shared future.

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In January 2011, the China Rail Express freight train to Europe made its debut from the logistics city's Tuanjiecun Railway Station, adding a faster and cheaper trade route between inland China and the West.

In July alone, combined profits of industrial companies each with annual revenue of more than 20 million yuan (about .9 million) went up 16.2 percent year-on-year, retreating from the 20-percent gain in June.

In Italy, the death toll hit 3,405 Thursday, an increase of 427 compared with Wednesday, according to Italy's Civil Protection Department.

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In California, the first state to impose a shelter-in-place order, department stores are still closed, though the state is allowing in-store retail businesses to reopen as of Monday, as long as the relevant county approves it.

In Brazil, the epicenter of the disease in Latin America, a further 1,086 deaths from COVID-19 were reported in the latest 24-hour period, taking the total to 25,598 on Wednesday, the Health Ministry said. The number of confirmed cases rose by 20,599, reaching 411,821 on Wednesday.

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In July, Baidu launched the DuerOS open platform to make voice-enabled devices that can hear, understand and fulfill users' needs.

In July, industrial output, fixed-asset investment and consumption all posted slower expansion than in June, but both electricity use and new lending saw stronger growth.