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As socialism with Chinese characteristics has entered a new era, the principal contradiction facing Chinese society has evolved. What we now face is the contradiction between unbalanced and inadequate development and the people's ever-growing needs for a better life. China has seen the basic needs of over a billion people met, has basically made it possible for people to live decent lives, and will soon bring the building of a moderately prosperous society to a successful completion. The needs to be met for the people to live better lives are increasingly broad. Not only have their material and cultural needs grown; their demands for democracy, rule of law, fairness and justice, security, and a better environment are increasing. At the same time, China's overall productive forces have significantly improved and in many areas our production capacity leads the world. The more prominent problem is that our development is unbalanced and inadequate. This has become the main constraining factor in meeting the people's increasing needs for a better life.

As the largest wine production base in China, the city has held 12 international wine expos since 2007, enjoying widespread popularity in the industry at home and abroad.

As the group expands, it aims to increase its production of PBS, or polybutylene succinate. This is a key component for making biodegradable plastic bags and mulching films, which suppress weeds and conserve water in crop production.

As the opening of China's capital market will continue, the space for arbitrage due to the exchange rate gap between onshore and offshore markets will be gradually removed, the SAFE official said.

As the market caps of A-share companies have been low during the first half of this year, a large number of listed companies have announced buyback plans to perk up market sentiment, insiders said.