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China's small and medium-sized business are gradually returning to work amid the government's ongoing efforts to battle the novel coronavirus outbreak, according to the country's top economic regulator.

Chinese President Xi Jinping put forward a new four-point proposal on the Palestinian issue during his talks with Palestinian President Mahmoud Abbas earlier this month, Wang said.

China, whose digital economy has experienced massive growth over the last decade, stands as a good model for Africa as the continent moves toward enhancing its engagement in e-commerce and the evolving digital economy, according to the industry panelists at the recent Africa e-commerce Week conference

China's telecom carriers are expected to generate 1.9 trillion yuan (4 billion) in total revenue from 5G-related business during the same period, according to an article published by the China Academy of Information and Communications Technology.

China's rebalancing process continues, as seen in a declining current account surplus and an increasing share of services in its gross domestic product (GDP), said Obstfeld.