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China is implementing a national AI development plan that aims to build a 1 trillion yuan (7.9 billion) AI core industry by 2030, which is supposed to stimulate as much as 10 trillion yuan in related business.

China has recently vowed to establish a "dual circulation" development pattern, in which domestic and foreign markets complement and reinforce each another, with the domestic market as the mainstay, aiming to build up resilience with better domestic development and wider opening up against headwinds in the external environment. The country's enormous market is pivotal to this development pattern, with the booming "holiday economy" being a manifestation of the strategy.

China has successfully launched billion worth of dollar-denominated sovereign bonds in the Hong Kong Special Administrative Region on Thursday, including billion of five-year bonds and billion of ten-year bonds, which attracted a wide range of global investors.

China has witnessed its VR industry expand rapidly as the country pushes for the high-quality development and extensive application of new technologies. According to the Ministry of Industry and Information Technology, China's VR market will be valued at 54.45 billion yuan (about billion) by 2021.

China is implementing the blueprint outlined at the 19th National Congress of the Communist Party. It is deepening reform on all fronts to modernize the country’s governance system and capabilities.