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Commsat CEO Xie Tao said he plans to establish some of the satellite ground stations in countries and regions involved in the Belt and Road Initiative, and provide them services at low prices. He said users could share data or keep it confidential, depending on their preferences.

Communication between Hearts Enhances Cooperation between States

Commenting on that vision, Seaton said, "The shift is important to China's economy, and equally important to foreign companies that want to do business in China, as it reflects the change of the nation's development priority."

Compared with countries with the same rating level, China's government debt will maintain at a medium level, Moody's said at an online seminar held on Tuesday.

Cong from the NDRC said that despite the temporary impact of the novel coronavirus on the Chinese economy, there are still many favorable conditions for China to achieve its economic and social development goals this year.