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China Vanke, a realty firm, bought a branch of Xidan Department Store in Shilipu, Beijing, in 2016 to convert it into an office complex, it said.

China also rolled out taxation preferential policies last year for high-tech small and-medium-sized enterprises as well as start-ups to encourage entrepreneurship and innovation.

China already has the world's most advanced digital healthcare system, and "most health systems the world over are looking to China as the primary source for future virtual-care delivery innovation," Vikram Kapur, a Bain & Co. consultant specializing in healthcare in the Asia Pacific region, was quoted as saying.

China advances a new type of international relations featured mutual respect, fairness and justice, cooperation and win-win, Foreign Ministry spokesperson Lu Kang told a daily press briefing.

China Merchants Bank Co Ltd, a Shenzhen-based commercial lender with a strong foothold in retail banking, applied facial recognition technology to help identify fraud during application process for an online personal loan product, with a fast, simple and automatic procedure of approval.