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China is briskly pushing forward 5G technology, with government support and huge investment from tech giants. The world's largest 5G test field with about 30 telecom base stations was established in Beijing's Huairou district.

China is currently implementing a reform plan for the country's oil and gas industry, eyeing improved efficiency and competitiveness by giving the market a decisive role in the sector, including allowing private companies to take part in upstream oil-gas exploitation, encouraging midstream pipeline owners to split gas sales from pipeline business for more efficient allocation of resources.

China is striving to gain a lead in the global race toward building an intelligent and data-driven society, as the country has the highest number of smart city pilot projects in the world.

China implemented a number of medical reforms last year, including the introduction of a zero-tariff policy on imported anti-cancer medicines in April, and a 1 percentage point reduction in the VAT rate for the pharmaceutical sector in May.

China has set up 82 economic and trade cooperation zones in the 24 countries, and these zones have paid more than billion in taxes to the host countries. [Photo/VCG]