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China hopes that countries that have recently tightened scrutiny of foreign investment will create a fair, transparent and predictable business environment for investors across the world, the Ministry of Commerce said on Thursday.

China has stepped up efforts to fight against telecom fraud in recent years. Sichuan police have cracked 1,757 telecom and online fraud cases and frozen one billion yuan of fraudulent money so far this year.

China is encouraging the development of big data, with the country's first big data engineering laboratory launched in Guizhou province last week to help improve government management efficiency. Guizhou is the country's first pilot zone for big data. The technology is being widely applied in government management, business and daily life.

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 replace South Korea as the world's largest flat-panel display producer in 2019, according to a report from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association.