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China has shipped 2.49 million 5G smartphones in October, having soared over 400 percent compared with the previous month. The total 5G smartphone shipments in the first 10 months hit 3.28 million units, according to a report by the China Academy of Information and Communications Technology.

China is implementing a national AI development plan that aims to build a 1 trillion yuan (1.1 billion) AI core industry by 2030, which is supposed to stimulate as much as 10 trillion yuan in related businesses.

China is the world's largest consumer of raw materials. Analysts believe China's copper demand will continue to grow in the coming years as the country invests vast amounts of money in new infrastructure projects, including green energy projects and electrical grids. The country is also pushing electric cars in an effort to reduce carbon emission. All the above require large amounts of copper products.

China has stepped up efforts to fight drug-related crime. From January to September, police detained about 94,000 suspects in 78,000 drug-related cases, seizing about 44 tonnes of narcotics.

China is expected to open its market soon for seafood imports from Peru soon amid the two countries' joint efforts to upgrade their free trade agreement in line with the consensus reached by their leaders, said the Peruvian ambassador to China.