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As he walked out of a subway station in Shanghai recently, Lin Haowen was delighted to see hundreds of shared bicycles neatly arranged on the sidewalks.

As a result, the yuan/dollar exchange rate is no longer fixed, but is a floating one. So, it is worth reiterating here: Like in the stock market, where volatility is the norm, the yuan volatility is the norm in the foreign exchange market. There is no need to make a fuss about the yuan breaching 7.0.

As greater credit support is trickling down the financial market, China's new yuan-denominated loans totaled 4.24 trillion yuan during the first two months of the year, up 130.8 billion yuan year-on-year, while corporate bonds and non-financial stocks have also seen upticks in the sum raised during the same period.

As close neighbors with highly complementary economies, China and Vietnam will promote cooperation in infrastructure construction and connectivity, Ruan said.

As a result, China would devote more resources and policy support for sci-fi and science popularization, create training programs and mechanisms to encourage sci-fi writing, and establish platforms for interdisciplinary and global collaborations, he said.