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"China's CPI growth is expected to fall after peaking in 2020. The nation's economy is highly resilient and has tremendous growth potential. The gradual resumption of work in the industrial and agriculture sectors and the adequate supply of various consumer goods provides a solid foundation for price stability."

"Concerted efforts will be dedicated to improving a range of infrastructure facilities, covering electricity, housing, logistics, information technology and more, and to enhancing public services in aspects of education, healthcare and social security," he said.

"Currently, we have worked with partners to launch multiple 5G smartphones and bring the 5G experience within reach. Moving forward, we will continue to join forces to bring diverse 5G-powered, innovative applications to more consumers and industries," Meng added.

"China still has some room to maneuver its policy and foster next year's economic development," Ying added. "We will suggest the government continue to remain prudent and maintain a neutral fiscal and monetary policy for next year's situation."

"Companies need to focus on refined operations as well as seeking new ways to turn profitable. They should try to reduce the cost, improve the efficiency, improve the service offerings and provide better user experiences."