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China's leading supercomputer manufacturer Dawning Information Industry Co Ltd, also known as Sugon, is beefing up efforts to build a national-level advanced computing innovation center in Tianjin, considering the burgeoning demand for computing power. The center is set to be completed in 2021.

China's national weather observatory continued a yellow alert for rain on Saturday, with more heavy rain expected across the country in the next few days.

China's consumer price index rose to 5.4 percent in January, the fastest growth pace in more than eight years, as most production and transport had been halted to curb the spread of virus.

China's economy has rebounded faster during the pandemic than that of the US, and the listing of "hot" companies on Chinese stock markets is attracting capital, he said.

China's economy is currently transitioning from a phase of rapid development to a new stage of high-quality development, with a focus on innovation-driven economic growth and upgrade of the economic structure. The government has initiated a series of policies on digital transformation to catch up with advanced economies and inject new impetus into the economy.