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China has been helping small and medium enterprises resolve their financing problems by using their intellectual property as collateral for loans to keep them in operation during the outbreak of novel coronavirus pneumonia, according to the country's top IP regulator.

China had 724 million mobile phone users by the end of June 2017. More than 35 percent of them often make mobile payments while about 31.8 percent still prefer cash or credit cards, according to CNNIC.

China could maintain GDP growth at above 6 percent by 2020, but the current driving force - mainly through stimulating infrastructure investment - needs to be adjusted, the CPPCC National Committee members said.

China has emerged as a global pioneer in the sharing economy, with a wide range of businesses using the peer-to-peer model, including startups offering creative services overseas, a new report said on Tuesday.

China has been encouraging the use of the internet to promote trade and investment as part of its efforts to offset the impact of COVID-19. Among the measures, the country has held various online exhibitions and rolled out policies to support cross-border e-commerce.