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As such, the best way to commemorate the 40th anniversary, as they said, is not to review what it has achieved but to continue to hold dear what has made that happen.

As the deferral eases the pressure faced by the real economy and financial institutions, it will help safeguard financial stability and spur healthy development of the capital market, said Kang Chongli, deputy dean at the research institute of Yuekai Securities in Guangdong province.

As young entrepreneurs create a bustling, innovative atmosphere, the Guangdong government has stepped up efforts to improve basic research capability, considered the backbone of an international innovation and technology hub, by building large scientific installations and launching provincial labs.

As the outbreak of COVID-19 has brought great challenges to world economy, small and micro enterprises are especially impacted. Chinese government has rolled several policies and measures to help small and micro enterprises, and the CIFTIS enables enterprises, especially small and micro enterprises, not only to display products and services online but also livestream and ink deals online, to achieve mutual benefits, he said.

As the first policy statement released by China's central authorities each year, the document is seen as an indicator of policy priorities. This year it urged efforts on two main tasks－winning the battle against poverty and strengthening areas of weakness concerning agriculture, rural areas and farmers, as the country strives to complete the building of a moderately prosperous society in all respects this year.