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China will tighten regulations on financial institutions, to protect investors who are not able to recognize potential financial risks and to safeguard people's money. "Financial activities for the public, whether in the name of technology or not, should be strictly regulated," Pan said.

China will take a string of key measures, such as speeding up the express delivery infrastructure and offering smart delivery services, to tackle last-mile delivery in the country, according to the country's postal service regulator.

China will overtake the United States to become the world's biggest economy by 2030, economists at HSBC Holdings Plc predicted in a study published on Tuesday, Bloomberg reported.

China will outpace the world in making servers to power artificial intelligence, cloud computing, and big data applications as these cutting-edge technologies are widely seen as the next frontier of innovation, according to a renowned server expert.

China's State-owned FAW Group is planning to invest 210 billion yuan (.4 billion) in its Hongqi brand's research and development, as part of the effort to make it a globally renowned premium brand.