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China is the world's largest mobile payment service market, with both tech and financial giants promoting their own tools to facilitate easier payments for daily shopping, dining and commuting.

China is forecast to have more than 150 million 5G mobile subscribers by the end of this year as the nation's efforts to expedite construction of new infrastructure are expected to help fuel economic growth, experts and company executives said.

China is the world's largest market for food service restaurants, ahead of the United States. The country's food service restaurant market is expected to grow at a compound annual growth rate of 11.5 percent from 2017 to 2022, according to Research and Markets, a leading market research institute.

China is becoming a global leader in the research and development of 5G standards and the overall market of country's 5G industry is expected to reach 1.15 trillion yuan (0.5 billion) by 2026, a nearly 50 percent growth from its 4G market, a consulting company said, Economic Information Daily reported.

China is ready to engage in the billion global market thanks to its "toilet revolution" campaign and domestic companies' investment in developing key technologies, according to public health experts and enterprise representatives at the expo.