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Conrad, of the ADB, says: "The government on both the fiscal side and the monetary side has bought itself more flexibility, which it feels it needs this year, with the international environment being a little bit less predictable. On the one hand, the government is interested in reducing some of the risks — local government debt, financial sector leverage, nonbank financial institutions. That all leads to tightening monetary and fiscal policies. Indeed, since headline growth is still strong, they should tighten a little bit. On infrastructure, it is a good moment to tighten. On the other hand, no one knows what to expect in the second quarter, so you need to be flexible. The policy approach allows the government to be flexible and supportive where necessary and tighten and be less supportive where that is merited."

Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, Feb 17, 2016. [Photo/VCG]

Connie Sweeris, who visited China in 1971 as part of the US table tennis delegation, had a taste of the frenzy, when the Americans played friendly matches with their Chinese counterparts in Beijing in front of an audience of 18,000.

Cooperation between domestic and overseas IoT research institutions and companies will increase, and actively engage in establishing international standards, said Wang Zhigang, vice minister of science and technology.

Contact the writer at ruinanzhang@chinadailyusa.com