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China has rolled out a series of targeted measures to support SMEs, which were among the hardest hit by the epidemic.

China held a high-profile meeting on Tuesday to mark the 40th anniversary of the country's reform and opening-up, and Chinese President Xi Jinping gave a keynote speech to provide a nod toward four decades years of incredible achievements and to offer policy continuity in the pursuit of future reform.

China is the only developing economy in the top 25 most innovative countries, according to the report, which cites the Global Innovation Index compiled by the World intellectual Property Organization (WIPO).

China is currently testing 5G across all major cities, provinces and regions, including Shanghai. It is forecasted that 28 percent of China's mobile connections will be running on 5G networks by 2025, accounting for about one-third of all 5G connections globally, according to a report by telecoms lobby group GSMA, which represents the interests of 750 mobile operators.

China is ready to ease market access for investors from Belgium and provide them with the same treatment as local businesses, he said.