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China's response to the COVID-19 economic crisis is very different from its response to the global financial crisis. In 2010, China's infrastructure was much less developed than now, so it made sense to have a broad-based stimulus that specially focused on upgrading the nation's transport, energy and urban infrastructure. But, now China's infrastructure is world-class, so this time it has been important to more tightly target improving the business climate and promoting technological upgrading.

Chinese President Xi Jinping's special envoy, State Councilor and Foreign Minister Wang Yi (L) and Russian Foreign Minister Sergei Lavrov attend a press conference after their talks in Moscow, Russia, on April 5, 2018. [Photo/Xinhua]

China's second largest grid company, China Southern Power Grid, announced in October it would step up blockchain technology development with a focus on the renewable energy certificate trading and charging infrastructure for electric vehicles.

China's sharing economy covers a wide range of fields, from life services such as travel and accommodation to industrial production, agriculture and other production.

China's total energy consumption this year is expected to continue rising with the proportion of clean energy in the energy mix increasing as well, according to a report from the Energy Development Research Institute of China Southern Power Grid.