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China's goods exports rose 6.4 percent year-on-year to 4.81 trillion yuan (about 6 billion) in the January-April period, while imports grew 11.7 percent to 4.3 trillion yuan, resulting in a trade surplus of 506.24 billion yuan, which narrowed by 24.1 percent, data from the General Administration of Customs (GAC) showed.

China's home-share market sales reached 14.5 billion yuan (.15 billion) in 2017, up 71 percent year-on-year. This figure is expected to reach toward 50 billion yuan by 2020, said a report published by the State Information Center, a public institution affiliated to the National Development and Reform Commission.

China's non-financial outbound direct investment fell 45.8 percent year-on-year to .19 billion in the first half of the year, the first decline since 2015, official data showed, as the government moved to curb radical and risky investment by Chinese companies in sectors such as property, hotel, sports and entertainment.

China's industrial output expanded by 4.8 percent on a yearly basis in July as the economy continues to recover from the shocks generated by the COVID-19 pandemic, data from the National Bureau of Statistics showed on Friday.

China's leading role in 5G is backed by a proactive government intent on delivering rapid structural change, said Mats Granryd, director general of GSMA.