It's vital to improve business environment

From the real economy's perspective, China's economic growth remains within a reasonable range, with the economic growth this year expected to be more than 6.5 percent.

However, despite the stable economic operations, and the unemployment rate being a relatively low 4.9 percent and the consumer price index being below 2 percent, the national economy faces increasing pressure, especially because of the uncertainty the Sino-US trade conflict has created.

The stock market, in particular, has adopted a cautious attitude toward the Sino-US trade friction since its full impact on the economy is not yet known. If the trade friction continues for a long time, it could have a big impact on China's industrial chain and technology sector, as well as the yuan's exchange rate.