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China has set a target of maintaining its GDP growth between 6 and 6.5 percent this year.

China is ramping up efforts to commercialize 5G technology as it attempts to gain an advantage in the battle for the next generation of mobile communication technology, said a senior executive at Guangdong province-based iVision Ventures.

China has thousands of SOEs, but many have become stagnated due to a lack of competition. The government is trying to improve their fortunes through reform, moving toward mixed ownership and market-oriented management to improve efficiency.

China is now the world's biggest mobile payment market. Its market size reached 40.36 trillion yuan ( trillion) in the first quarter of this year, according to a report by Analysys, a Beijing data research company.

China highly appreciates Burkina Faso President Roch Marc Christian Kabore's decision to resume diplomatic ties with China, which is made on the basis of Burkina Faso's long-term development and its people's fundamental interests, said Wang.