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China's central bank had decided to set up the nationwide clearing house for online payment services to protect consumers and the financial system from the mushrooming internet-enabled model of finance that currently accounts for over 3 percent of the country's non-cash payments.

China's 5G smartphone shipments are estimated to reach 140 million units in 2020, according to estimates from market research company Counterpoint Research.

China will continue to work with the United Nations and member countries to further improve UN peacekeeping and to honor its commitment to multilateralism and world peace, the country's UN envoy said.

China's beauty market has been developing fast as the country's increasingly affluent consumers are willing to spend on products and services that make them look younger and more glamorous.

China will significantly boost the share of direct financing in its financial system, especially equity financing, the sources said.