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China is promoting encryption techniques to go “all domestic” to insure financial security while paving the way to introduce the nation’s own digital fiat currency, according to an expert.

China has vowed that it will not play defense in the escalating trade war, ratcheting up tensions as a new list of items subject to tariffs, including technology and consumer goods was anticipated from Washington.

China is expected to attach greater importance to capital market reforms next year and focus on improving institutional arrangements to boost the quality of listed firms as a key part of its pursuit of high-quality development, officials and analysts said.

China has proposed three "zero "principles for the global fight against corruption－zero tolerance, zero loopholes and zero obstacles in cooperation－and has said they have become the consensus of the international community and have received positive responses from an increasing number of countries.

China has the world's largest 4G network and is aiming to add 2 million 4G base stations, mainly for townships and villages, by 2018.