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China's digital economy has greatly advanced over the past few years, with its scale growing from 11 trillion yuan (.7 trillion) in 2016 to 35.8 trillion yuan in 2019, said Yang Xiaowei, deputy director of the National Cyberspace Administration.

China's major internet giants are already embracing the trend and betting big on the promising market.

China's key cities remain attractive to investors, and their business models have been shifting from mainly "develop-to-let" to "develop-to-lease", with an eye on long-term, stable cash flow, analysts said.

China's development is not only an achievement for China itself but also a contribution to the whole world. China has been committed to opening its market wider to the world and deepening mutually-beneficial cooperation with other countries. This means China's progress in science, technology and innovation has delivered benefits to the people of the whole world. China has lived up to its responsibility as a big country, standing firm during the Asian financial crisis of 1997 and the international financial crisis of 2008.

China's crucial rule