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China has established two offices to develop 6G, according to the Ministry of Science and Technology on Wednesday, kicking off the competition for the next-generation cellular data service that comes after the super-fast 5G.

China has been the largest trading partner of Africa for a decade now. The bilateral trade volume increased by 20 percent year-on-year to 4.2 billion in 2018, said Qian Keming, vice-minister of commerce, at a news conference in Beijing in June.

China has introduced programs such as RQDII and Qualified Foreign Institutional Investors to provide financial institutions with quotas for outbound and inbound investment, respectively.

China has always actively invested in technological advancement and innovation to bolster macroeconomic growth and improve people's lives. Since opening up 40 years ago, China has transformed into a country that is at the forefront of various technological advances, such as cashless mobile payments.

China has enhanced efforts in regulation of overseas investment since late last year, which has led to more rational outbound investment activities, according to an official with National Development and Reform Commission, who declined to be named.