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China is leveraging 5G technology to foster the development of intelligent port construction as it aspires to become a leading country in intelligent shipping, according to a report released on Friday at a shipping and innovation development conference in Shanghai.

China is expected to import goods worth trillion from 2017 to 2021, while attracting 0 billion of foreign investment. "China is upgrading its industry and consumption structure," said Sang Baichuan, a professor at the Beijing-based University of International Business and Economics. "The huge market and emerging opportunities will attract more foreign capital, and that in turn, will further stimulate the country's industrial upgrading."

China initiated a key strategy in 2014 to coordinate the development of Beijing, its neighboring port city Tianjin, and Hebei Province.

China has seen its installed capacity of clean power sources continue expanding with utilization optimized during the first three months of 2019, according to the National Energy Administration.

China is the second-largest market for pharmaceutical products in the world. Annual revenues of the pharmaceutical industry in China exceed 2.5 trillion yuan (8.6 billion), and annual exports of pharmaceutical products exceed 13.5 billion yuan, Wu said.