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China is also considering merging two of its nuclear power giants, as the Shanghai-listed units of China National Nuclear Corp and China Nuclear Engineering Corp Group said earlier in March that a strategic reorganization of the companies is underway.

China has started the third phase of 5G technology research and development tests, ahead of schedule, as the country accelerates steps to gain a lead in the race toward commercializing the next-generation communication technology.

China is gearing up for more moves to bolster reform and opening-up after President Xi Jinping pledged at the opening of the Second Belt and Road Forum for International Cooperation last month to ease market access for foreign capital, increase imports of goods and services on a larger scale, and boost the protection of intellectual property rights.

China is providing foreign investors with bigger market opportunities, wider investment ranges, and a better business environment, according to the experts.

China is getting increasingly intertwined with the rest of the world in deepening international cooperation, Zhao added.