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China is expected to expand the central bank's digital currency pilot programs to a broader range later this year or early in 2021, focusing on retail use. That may replace some functions of bank cards, a former State bank executive said.
China is open to reforms to the World Trade Organization, but stresses that such reforms should be beneficial to a healthier development of economic globalization and protecting free trade, Li said.
China has stepped up a crackdown on disorder in financial markets. During the first 10 months of 2017, the CBRC, China's top banking regulator, punished 1,486 banking institutions and 1,096 individuals. The regulator confiscated illegal income of 75 million yuan (.5 million) from the institutions, in addition to imposing fines of 592 million yuan on the institutions and 24.4 million yuan on the individuals.
China has risen rapidly in the mobile internet industry with the number of mobile internet users reaching 820 million in 2018, up 9 percent year-on-year, driven by the explosive growth in the short video market, an internet trends report said.
China is looking to speed up the construction of pumped storage power plants, aiming for 60 GW of newly installed pumped capacity between 2016 and 2020, with 40 GW of pumped capacity in operation in the period.
来源：资阳报