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China's internet development is and will always be centered on people. Since the COVID-19 outbreak, there has been a growing demand for e-commerce, online education, online disease diagnosis, online entertainment, and work from home. These requirements have spurred digital services in the respective sectors, said Xia.

China's foreign exchange regulator will likely focus on keeping the country's currency stable this year while allowing greater flexibility in the exchange rate, economists said on Monday, with some believing there may still be potential for the yuan's further appreciation against the US dollar.

China's further opening-up is embodied by the lowered threshold for market access, which should be boosted with trade facilitation, Bai said. Reducing import tariffs is a vital means to improve trade liberalization and can help China buy high-quality products in the global context while promoting the industrial upgrade of its own economy, he said.

China's home appliance sector saw steady growth in the first half of 2019, with total revenue reaching 429.7 billion yuan, according to a report released by the China Center for Information Industry Development under the Ministry of Industry and Information Technology.

China's economy expanded 6.9 percent last year to 82.7 trillion yuan (12.8 trillion US dollars), around 15 percent of the world total. Foreign exchange reserves, the world's largest, reached 3.1 trillion dollars, and trade with countries along the Belt and Road rose 17.8 percent to 7.4 trillion yuan (1.15 trillion dollars).