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China Securities researcher He Yanqing said the tourism market will need a quarter to two quarters of recovery time to restore operations to pre-epidemic levels.

China Tower is also speeding up construction by sharing resources with other companies. At the Hong Kong-Zhuhai-Macao Bridge, China Tower has ensured that stable 4G telecom signals are available across the whole bridge.

China Unicom and China Telecom will co-build and -share 5G network access nationwide to save costs and improve efficiency, according to announcements from the two telecom giants.

China National Nuclear Power Co has also set up a joint venture that would have one billion yuan in registered capital to develop and produce small, floating nuclear power plants.

China and ASEAN countries are committed to the full and effective implementation of the Declaration of Conduct (DOC) and have stayed in close touch to advance consultations on the Code of Conduct (COC).