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China's big three telecom carriers are forecast to spend 900 billion to 1.5 trillion yuan (4 billion to 3 billion) in total on 5G network construction from 2020 to 2025, according to a report from the China Academy of Information and Communications Technology. In comparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.

China's central bank has maintained a relatively higher interest rate level compared with its Western peers. As a result, the yuan's interest-rate premium over the yield on the dollar expanded, which also helped to boost foreign investors' demand for renminbi-denominated financial assets to seek higher returns, said analysts.

China's ambassador to the United Kingdom, Liu Xiaoming, has called for closer and stronger cooperation between the UK and China in fighting the novel coronavirus pandemic.

China's GDP, one of the major drivers of global economic growth, rose by 6.7 percent in the first three quarters last year compared with the same period in 2017, according to the National Bureau of Statistics. The nationwide nominal per capita disposable income－which is not adjusted to inflation－rose to 21,035 yuan (,109), an 8.8 percent increase over the same period in the previous year.

China's carriers own a total of 96 737 Max 8 planes, data from the Civil Aviation Administration of China showed.