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China Mobile is scheduled to release its 5G network construction plan on Thursday. It will focus on standalone network architecture.

China and Kazakhstan will tap their great potential for cooperation, including jointly building the Belt and Road, President Xi Jinping wrote in a signed article on Wednesday.

China also needs to foster more quality companies to be listed on its bourses, and listed companies shall not be encouraged to have many connected parties. Professionals like accountants, analysts and lawyers will play an increasingly important role on China's capital market, said Huang.

China adopted a dual-credit scheme to support the NEV industry, which rewards or penalizes automakers with positive or negative credits on their car models' fuel consumption. Traditional vehicle makers may need to buy credits from NEV manufacturers or improve fuel efficiency and develop their own NEV business to avert punishment.

China announced in 2016 that it will establish a national green finance mechanism, the first of its kind in the world.