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"Emerging industries like high-tech enjoy an increasingly important role in driving Beijing's economic growth in the first half of the year," said Pang Jiangqian, deputy head of Beijing Municipal Bureau of Statistics, at a news conference on Wednesday.

"Experts have given positive feedback and they regard the book as something the world needs now to deal with the pandemic," Li said.

"Data show that about 80 to 90 percent of rural startups may be on the verge of failure at one time or another. With the contraction of the market, an overflow of returnees from urban areas may crowd the arena," he said during an interview with Time Finance, an online financial news portal.

"Despite the impact of the pandemic, we have witnessed satisfying growth," said Ma Ruilong, who started doing cross-border e-commerce in 2017 and moved his company to the West Coast New Area in May.

"Exchange rate flexibility should facilitate adjustment to the new external environment," he added. "Greater exchange rate flexibility and better-functioning foreign exchange markets will help the financial system prepare for more volatile capital flows."