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China has taken a slew of measures to create a better business environment for foreign investors. The country will make more efforts to encourage foreign investment, with faster approval procedures and better intellectual property protection, according to a statement released after a State Council executive meeting earlier this month.

China has seen booming industrial application of IoT, said the report. Large-scale IoT testing has gradually been conducted in fields such as transportation, logistics, environmental protection, healthcare, security and electricity. Smart cities, the industrial IoT, internet of vehicles and the smart home have emerged as the major four market segments.

China is one of the seven countries that host the Games, which was initiated by Russian Ministry of Defense in 2014.

China is boosting efforts to increase the market supply of urgently needed masks to fight the novel coronavirus pneumonia outbreak, an official from the country's top economic regulator said.

China is contemplating more measures to improve the overall business environment for foreign companies focused on the services sector, including a lower cross-border investment threshold, a leading think tank said on Tuesday.