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China stands a good chance for a bumper grain harvest this year despite the novel coronavirus outbreak's weight on the manufacturing and hospitality sectors, according to an official with the Ministry of Agricultural and Rural Affairs on Tuesday.

China lagged behind other countries in building 4G and 3G networks. But with 5G, it is racing ahead in research and development, as well as trial applications, said Wang Zhiqin, vice-president of the China Academy of Information and Communications Technology.

China plans to build Hainan into an international tourism and consumption center by 2025 and a globally influential tourism and consumption destination by 2035.

China supports Papua New Guinea in holding the annual summit of Asia Pacific Economic Cooperation (APEC) this year, and is ready to enhance bilateral coordination and cooperation under the APEC framework, Wang said.

China will continue to grow as a global financial player in the coming years, according to former US treasury secretary Hank Paulson.