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Andrew Cuomo speaks during the daily media briefing at the Office of the Governor of the State of New York on June 12, 2020 in New York City. [Photo/Agencies] 

Analysts said the robust domestic consumption power and concentrated traveling demands stemming from the summer vacation resulted in such a monthly figure and they forecast that the yearly consumer and factory pricing index will be well under control, despite the escalating Sino-US trade friction and the widespread global trading tensions.

Andrew Williams, head of the food and drink sector at commercial banking company Santander UK, said such efforts are crucial in an industry that is exposed to the effects of the UK's pending exit from the European Union.

Analysts said that the reform measures are an example of China's efforts to deepen market-based reform in the financial and banking industry. It is also a response to the top leadership's call for improving the role of the financial industry to better serve the economy and support smaller businesses which is crucial for the country to achieve the goal of ensuring stability in key areas such as employment and people's livelihoods.

Analysts pointed out that the congress has not only opened a new chapter for China's development for the new era, but also has contributed Chinese wisdom and solutions for the world at a time when global economic growth still faces uncertainties.