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Chen Zhaoxiong, vice-minister of Industry and Information Technology, said faced with the security demands of 5G, the internet of things and internet of vehicles, more efforts will be made to speed up the construction of the network security protection system and improve monitoring and warnings, as well as emergency response capabilities.

Cheng Dawei, a professor at the School of Economics of Renmin University of China, said although the ongoing trade friction between the US and China has not had any negative impact so far, foreign capital still has confidence in China as the FDI flow remained stable.

Chen Wenling, chief economist at the Beijing-based China Center for International Economic Exchanges, highlighted the importance of the central government giving Hainan more autonomy in piloting new reforms.

Cheng, who grew up and studied in Cambridge, described his sets as "funny TED Talks" that have little practical value. He uses logic and wit to dismantle words and phrases, uncovering the absurd in everyday speech.

Chen Tao, an analyst with internet consultancy Analysys in Beijing, said, "More cross-border e-commerce platforms will launch offline stores, hoping to grasp the opportunities emerging from the consumption upgrades of Chinese shoppers."