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China's big data sector aims to increase its annual sales to 1 trillion yuan by 2020 from an estimated 280 billion yuan in 2015, according to the Ministry of Industry and Information Technology.

China will proceed with its national campaign of renovating dilapidated houses for the remaining 2 million families categorized as poor and other key groups by 2020, including families with members who are disabled.

China's AI market will continue to heat up, and the market size will maintain a growth rate of about 30 percent, according to a report by China Center for Information Industry Development. By 2021, the market of AI sector will exceed 80 billion yuan (.8 billion), the report showed.

China will gradually inject the capital it has pledged to invest in the bank based on its rules of operation, he added.

China will continue to support Chinese companies in developing cooperation with their Italian counterparts on telecommunications, particularly in the 5G network, Wang said.