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Commercial aerospace is one of the hottest growth areas in China's private sector, and Beijing-based space startup Commsat Technology Development Co is working to grab emerging business opportunities.

Companies based there will benefit from more than 50 preferential policies related to administrative approvals, relaxed visa policies for employees, cross-border financial services, taxation, industrial development and even housing.

Co-organized by the Cyberspace Administration of China and the Zhejiang provincial government, this year's WIC will run for three days until Oct 22. It has attracted more than 1,500 guests including internet experts, scholars, government officials and technology entrepreneurs.

Co-launched by China Media Group (CMG), State-owned Assets Supervision and the Administration Commission of the State Council in early March, the platform has attracted over 4,700 companies to post their recruitment information on CMG's video-streaming app Yangshipin.

Commuters cross a road during heavy rains in Kolkata, India, May 3, 2019. [Photo/Agencies]