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China is ratcheting up efforts to accelerate the construction of new infrastructure, with a key focus on bolstering the development of superfast 5G technology and supporting its innovative applications, according to the country's top industry regulator.

China is leading the rise of platform marketplaces that allows the effects of technology to reach more people more quickly than before, a World Bank official has said.

China has today the largest amount of foreign currency reserves, which it can and is willing to invest in other countries, which also makes China a very important economic global player, according to Eran.

China has submitted the seventh bidding list for accession to the Agreement on Government Procurement (GPA) of the World Trade Organization, adding the military department to the list for the first time, per a statement the Ministry of Finance released on its website on Monday.

China is the biggest economic comeback story in history due to the opening-up policy 40 years ago. It is one of the largest recipients of foreign direct investment and the top trading partner for over 120 countries and regions. It is an essential member of the global economic community.