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China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.

China has the largest rice cultivation areas and consumption in the world. In recent years, the country's wild rice has been facing the risk of resource depletion and extinction because of human activities.

China is expected to have more than 200 million 5G mobile subscribers by 2020, and the fast deployment of 5G in the country will benefit the global telecom and semiconductor industries, a senior executive of Huawei said on Thursday.

China is eagerly anticipating the summit and aims to align the Belt and Road Initiative with the African Union's Agenda 2063 and the UN's 2030 Agenda for Sustainable Development as well as the development strategies of African countries to inject fresh impetus for the continent's development, he said.

China has successfully transformed the economy structurally as well. From heavy industry to high-tech, China is globally competitive across the range. The country has emerged not only as a global innovation powerhouse, but a true global leader in many respects.