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China has 98 centrally administered SOEs, which manage the bulk of the country's state assets.

China has a working population of 776 million, of which only 165 million are skilled, and a mere 47 million are "highly skilled", according to official figures.

China exports mainly construction machinery, manufacturing equipment, steel, electronics, textiles, garments and household appliances to France.

China has become a major attraction for international private equity investors, said industrial leaders at the 2020 Global PE Forum held in Beijing during the China International Fair for Trade in Services.

China has officially approved 5G commercial services earlier in June, and is currently testing 5G across all major cities and provincial regions. The country's 5G market is expected to start small-scale commercial use this year and large-scale commercial use next year.