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"Different standards being applied in different BRI recipient countries create huge risks for companies seeking investments, as it could lead to further funds being denied during the project's life cycle," the report said.

"Entering the new era, Shanghai should shoulder the new missions with which it has been entrusted by the central government," said Shanghai Party Secretary Li Qiang in a meeting concerning the new policies on July 10. "Further opening-up is the path we should take."

"Every court must fight defaulters with zero tolerance, which is not only to safeguard the rights of people who win lawsuits but also to build a more fair legal environment for all of us," said Zhou Qiang, president of the top court, who explained the report on Wednesday.

"Even though our sports industry has grown at a fast pace in recent years, we are not yet a strong sporting nation, consumption-wise, as the contribution of the sports business to our overall economic growth remains modest," Li Yingchuan, a deputy director of GASC, said in a media briefing on Wednesday.

"ESG could actually bring financial benefits to investors. According to an empirical research, in China's A-share market, stocks with higher ESG scores have outperformed those with lower ESG scores in terms of return rate by more than 10 percentage points in the past two years. It is also the case after the COVID-19 pandemic," Wang added.