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China will foster new growth models of the platform economy, promote the development of the "internet plus service industry "and encourage social capitals to invest in sectors like medicare, education and tourism, according to a statement released after the meeting.

China will open up its futures markets to the world, particularly foreign investors, to help the markets align with the national strategies for boosting the real economy, said a senior official from the country's top capital market regulator.

China's central authorities have reiterated the core position innovation occupies in the country's march toward modernization in a recently released blueprint for development through 2035. Technological self-sufficiency should be a strategic pillar of the country's development, they say.

China's 5G leader Huawei also plans to develop its Huawei HiCharger DC fast charging module, partnering with State Grid Corp, China Southern Power Grid and Star Charge.

China will extend gigabit broadband connection to more than 300 cities and cut the average service rates by 15 percent for small and medium-sized enterprises this year.