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China's rapidly developing 5G technology would also lead to improvements in resource efficiency as well as productivity, and attract foreign direct investment in the long run, said Chai Yongzhi, a researcher at the Chinese Academy of Science and Technology for Development in Beijing.

China's soybean imports will continue to rise in the coming months as the impact of the COVID-19 pandemic on trade is limited, and the purchases of soybeans from the United States will be ramped up, the Ministry of Agriculture and Rural Affairs said on Wednesday.

China's services trade structure maintained its steady improvement during the first six months of this year with a narrowing deficit and strong resilience in the trade of knowledge-intensive services, according to the Ministry of Commerce.

China's three major telecom operators earned 59.9 billion yuan in value-added services including internet data center, big data, cloud computing and artificial intelligence, up 29 percent year-on-year. Value-added services worked as main contributors to the growth of the sector, according to the ministry.

Chinese President Xi Jinping on Friday pledged equal treatment to all businesses registered in China, as the country is opening up wider to the outside world.