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China has always prided itself on innovation and the best is yet to come.

China currently is South Korea's largest trading partner, export market and largest source of imports by volume, and South Korea is China's third-largest trading partner. Since the bilateral FTA became effective in December 2015, the two sides have cut tariffs four times and about 50 percent of goods they trade in now enjoy zero tariffs, data from the Ministry of Commerce show.

China has attached great importance to 5G in its 13th Five-Year Plan (2016-20), with the aim of commercializing it by 2020. And China is expected to become the world's largest 5G market before 2025, according to a report released by GSMA Intelligence, a global mobile think tank, and the China Information and Communications Technology Academy.

China has only two national technology innovation centers, one for new energy vehicles and another for high-speed rail.

China has become a major player in global technology development and the 50 billion pounds ( billion) it attracted from around the world between 2015 and 2018 places it second, globally, in terms of attracting high-growth investment, according to a new study.