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Chen Qiaoshan, a medical analyst at Beijing-based market research consultancy Analysys, said: "TCM is becoming increasingly popular in the world because it is expanding its presence on the global stage. International medical assistance gives the world a chance to know about TCM and to approve its curative effect, while TCM training schools overseas, such as the Confucius Institutes, build local people's trust in TCM. Furthermore, the Belt and Road Initiative boosts international exchanges in the TCM field."

Cheung's remarks came in as Hong Kong braced for its first annual GDP decline since 2009.

Chen Jining, deputy secretary of the CPC Beijing Municipal Committee and Mayor of Beijing takes questions from the media at a State Council Information Office news conference on Sept 19, 2019. [Photo by Zhu Xingxin/chinadaily.com.cn]

Chen Zhaoxiong, vice-minister of industry and technology, said that the development of the 5G network could give rise to massive opportunities in industrial growth and job creation.

Chen Qiaoshan, a medical analyst at Beijing-based market consultancy Analysys, noted: "The pilot procurement will force enterprises to optimize their businesses in technology, research and development, operations and marketing, to lower production costs and improve quality.