Xi Jinping thought on diplomacy of socialism with Chinese characteristics for a new era will guide China's major-country diplomacy to open up new prospects while pursuing a path of peaceful development, diplomats and experts said.

Leading Party and government officials at the county, city and provincial levels across China will be held accountable if they fail to protect the local environment.

China's central bank announced on Sunday it is cutting the cash required to be held in reserve in commercial banks by one-half percentage point starting July 5, a measure designed to make it easier to lend to small and microsized companies.