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China has abundant mineral resources in the ocean, requiring deep sea technologies to excavate. The Times cited a report from the Ministry of Land and Resources that there are 88 billion tons of rare earth materials, a billion tons of cobalt, and three trillion tons of polymetallic nodules under the sea floor.

China has been going full steam to broaden its market access for years, with implementation of a slew of measures.

China has made great efforts to cut the trade surplus. Focusing on expanding domestic demand, the Chinese government has intensified its economic restructuring via increased public investment and enhanced private investment in many aspects, with the aim to constantly expand its domestic market, said the report.

China has accelerated its drive to develop Artificial Intelligence. The AIIA was established last October and is composed of hundreds of leading companies and institutes promoting the integration of AI resources.

China has embraced mobile payments probably more than any other place in the world. WeChat has WeChat Pay, and Alibaba has Alipay.