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Incentives will be put in place for local banks that provide inclusive loans for micro and small enterprises with a deferred repayment period of no less than six months. The incentives will remain at 1 percent of the loan principal.

Industries such as power generation, metallurgy and construction saw their profits surge 10 percent on a yearly basis last month, said the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

Industrial robot maker Kuka launched its first indigenously developed robot at the fair. The product, available for purchase worldwide, can be used in various industries including the electronics sector, which usually have high operational accuracy requirements, said Hao Wenbin, a manager with Kuka China.

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Industry insiders believe China's solar industry will become subsidy-free in a few years as the country tries to revitalize its photovoltaic sector after the government announced a plan to scale back its central subsidy system last year.

Increasing the share of direct financing is of great significance for deepening the supply-side structural reforms of the financial sector, accelerating the construction of the new dual-circulation development pattern, and achieving a higher-quality development that is more efficient, equitable, sustainable and secure.

Information posted on social media platforms such as Sina Weibo and conversations on instant messaging tools like WeChat will be accepted as digital evidence by Chinese courts hearing civil lawsuits.

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Increasing gatherings and lack of social distancing amid reopenings nationwide have led to the deterioration of the pandemic in the country, said Zhang Zuofeng, a professor of epidemiology and associate dean for research with the school of public health at University of California, Los Angeles.

Influenced by over-capacity in traditional industries, such as resource-based industries and heavy chemical industries, the northern provinces suffered lagging economic growth in recent years, said Yicai, citing an expert.

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Industry insiders said that strong demand of 5G smartphones will pull the shipments and the electronics sector to a new high and that the era of 5G handsets will soon take off in the country next year.

Indie Coffee Feast Xi'an station brings pop-up shops and cultural experiences to people in the capital of Northwest China's Shaanxi province. [Photo provided to China Daily]