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Liu Chunsheng, an associate professor at Beijing-based Central University of Finance and Economics, said China's financial system has great potential in helping stabilize the economy.

Liu said that the cut in the reserve requirement ratio for commercial banks, which was announced by the central bank on Sunday, would support the A-share market amid a recent spate of bad news, as it could improve market liquidity and reduce the financing costs of enterprises.

Liu Ying, vice-president of Tencent Cloud, the cloud computing unit of Chinese tech giant Tencent. [Photo provided to chinadaily.com.cn]

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Liu Tiemin, professor and former president of the Chinese Academy of Safety Science and Technology, said the new guideline is the most important one in three years and bears profound significance in better ensuring work safety.

Lin Zhonghang, an investment manager from Cambrian Venture Capital, said: "The traditional way of such science popularization cannot meet the diversified demands from parents and children currently."

Lin Wei, partner of Global Strategy Group at KPMG China, said as China aims to build a group of world-class, role-model SOEs that lead in high quality development, it would be economically beneficial for more China's SOEs to take part in the mixed-ownership reform to bring private capitals into those SOEs.

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Liu said the total investment of the project will reach 90 million yuan. When the six bases that integrate forage grass production and processing are built, the annual grass output will reach 198,000 tons, creating jobs for 30,000 Nepalese residents.

Liu made the remarks at a high-level forum on information security during the ongoing 2019 World Internet of Things Expo in Wuxi, Jiangsu province on Sept 8.

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Liu said he hoped the UK will have enough confidence to steer clear of protectionist measures and not regard China's investment through "cold war tainted spectacles".

Lincoln is one of the fastest-growing premium brands in the country. It sold 12,710 cars from January to March, enjoying 10 percent growth year-on-year.