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China is developing new bullet trains with a speed up to 400 kph, and is also researching the next generation magnetic-levitation train with a top speed of 600 kph, said Ding Rongjun, an academician of the Chinese Academy of Engineering, adding that automatic and unmanned drive technology will be used in the future.

China has resumed a "counter-cyclical factor" in the foreign exchange regime since August, to hedge against market sentiment toward a weaker yuan, according to a statement on the central bank's website on Friday.

China has recently cracked down on 73 organized criminal cases including some high-profile ones under the supervision of the national office against organized crime.

China is expediting the construction of its faster 5G networks. More than 10,000 new 5G base stations are being built in China every week. The rapid rollout came after more than 200,000 5G base stations became operational nationwide from mid-May, according to the Ministry of Industry and Information Technology.

China is not only the largest manufacturing market and industrial market, but also carries out a lot of technological innovation. All these factors offer multinationals strong confidence to enrich their presence in China, said Peter Herweck, executive vice-president of Schneider Electric SA, a French industrial conglomerate.