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China is the world largest e-commerce market, with online retail sales growing 32.2 percent year-on-year in 2017 to reach 7.18 trillion yuan (.12 trillion).

China is Washington's No. 1 export market, which added up to billion worth of business last year.

China is speeding up infrastructure construction with a focus on shifting from traditional projects to a new round of digital infrastructure in an effort to stave off an economic growth slowdown amid the ongoing novel coronavirus outbreak.

China is formulating a new development paradigm and the country's recent proposals for the next five-year plan and its development goals for 2035 reflected the changing and challenging environment, they said. These will effectively utilize the Chinese government's capacity to comprehensively coordinate macroeconomic policies to pursue high-quality growth and structural reform on the supply side, they added.

China is expected to have 576 million 5G users by 2025, or over 40 percent of global consumption, according to a report released by global consultancy EY earlier this month.