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China will grant temporary 5G licenses this year, the minister of industry and information technology confirmed on Thursday, as the country is entering the fast lane of 5G commercialization.

China won a total of 131 medals (5 Grand Gold, 46 Gold, and 80 Silver) compared to 78 medals in 2017 (4 Grand Gold, 33 Gold and 41 Silver) — an increase of 68 percent over the previous competition. The award-winning labels were produced in the Chinese wine regions of Ningxia, Xinjiang, Hebei, Shandong, and Beijing.

China's Consumer Confidence Index (CCI) reached 112 points in 2017, up from 106 points in 2016, with job prospects, personal finance and willingness to spend reaching a two-year high, according to the latest quarterly survey from global market research firm Nielsen.

China's Foreign Investment Law, adopted in March, is a positive step forward, Collins said, adding that the company has been encouraged by it. "We are working to understand the law and make sure we are able to follow all of the elements in it."

China will give Xiongan New Area greater autonomy to attract headquarters of State-owned enterprises and wholly foreign-owned financial institutions, according to a guideline published on Thursday.