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China has pushed forward efforts to launch the science and technology innovation board which will pilot the registration system, and the market expects the new stock trading platform to be launched around the middle of this year.

China has rolled out 15 opening-up measures in the banking and insurance sectors, which have been largely put into place now, since President Xi Jinping reaffirmed China's commitment to further financial opening-up at the Boao Forum in April last year, said Guo, who is also the chairman of the China Banking and Insurance Regulatory Commission.

China is realizing the value of the IoT and transforming society through the deployment of smart home, smart industry and smart city solutions. By delivering real-time information, IoT products are making cities smarter and lives of the Chinese more convenient and efficient.

China has witnessed new growth opportunities in new types of online cultural consumption in fields such as livestreaming, gaming and short videos amid the COVID-19 outbreak, which will reshape the traditional cultural consumption market in the long run, a new report said.

China has pledged to increase its total installed nuclear capacity to 58 gigawatts by 2020. It had 45.9 GW in operation as of January.