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Article 18 of the Basic Law stipulates a national law listed in the annex shall be applied by way of promulgation or local legislation. The national security law will be enacted through promulgation, according to the draft decision on establishing and improving the legal system and enforcement mechanisms for Hong Kong to safeguard national security.

As China plans to implement a new round of reduction of value-added tax rates starting from April 1, experts predicted the total VAT cut will surpass 900 billion yuan (4.03 billion) this year, Shanghai Securities News reported.

As China's consumer spending on culture grows, the country's bookstores are reinventing themselves. Redefining themselves as "knowledge centers" or "cultural hubs," physical bookstores are reviving an industry in a downturn.

As China designs its development blueprint for the next five years and beyond, and drives its "dual circulation" growth pattern, Caterpillar looks forward to cashing in on the new opportunities arising from China's sustainable growth journey, he said. "Caterpillar will bring more products, supply chain solutions and services to Chinese clients as they participate in various construction, transportation, energy and mining projects."

As Beijing prepares to host the 2022 Olympic and Paralympic Winter Games, Xi urged the country to take advantage of the high-profile occasion to promote balanced development of competitive sports, mass sports and the sports industry to enhance the athletic prowess and improve nation’s overall fitness, Xi said.