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China is expected to convene the tone-setting economic conference soon－reportedly next week. Economists at home and abroad said it may reaffirm the decisions made at the Political Bureau of the Communist Party of China Central Committee meeting on Dec 8, such as pushing the three major tasks of preventing major risks, reducing poverty in a targeted manner and controlling pollution.

China is a victim of cyber attack. With 802 million internet users, including 788 million mobile surfers, and a .95 trillion (￡3.1 trillion) digital economy, which accounts for 32.9pc of its GDP, China is an easy target. In 2017 alone, China suffered close to billion in economic loss due to cyber security problems where 93.5pc of ransomware attacks in China were launched overseas. Being a victim itself and believing in Confucius' teaching that "you do not do unto others what you would not have them do unto you", China resolves to do more to underline rather than undermine cyber security.

China is getting fully prepared to reciprocate if the proposed US tariffs on billion Chinese exports go into effect on July 6.

China has released a guideline on accelerating the construction of special railway lines, vowing to ensure 80 percent of the major coastal ports, large industrial and mining enterprises and new logistics parks will be accessible by the special lines by 2020.

China is catching up fast with advanced economies in adopting and fostering the internet of things or IoT to make manufacturing more efficient and competitive, said the head of China operations of a global consulting firm.