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The contribution of innovative industries to China's total power consumption is likely to continue in the following years, Yu said.

The consumer market has a 1.4 billion population, showing China's potential to mitigate the impact of the epidemic and pursue development in the long term, said Wang Zhaoxing, another counselor with the State Council.

The conference was the second UK-China University Presidents’ Roundtable and attracted dozens of leaders from top universities. Participants talked about subjects including universities’ social responsibility, universities’ international development trends, and joint research collaboration.

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The concept of ubiquitous electric IoT has been well received by the public and capital market, said the company, which has kicked off 49 science and technology projects related to the IoT construction this year.

The conglomerate said in a statement that various capital options are still being perused.

The country serves as a bridge between the United States and Asia. There are currently 400 Irish companies with operations in Southeast Asia and 170 Irish firms stationed in China.

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The country has confronted sharply uneven rainfall distributions so far this rainy season, which has simultaneously triggered emergency responses for flood control and drought relief.

The consensus was jointly issued at the "international top business streets forum" which is a part of the 6th Beijing Wangfujing International Brand Festival.

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The country is scheduled to host the first Qingdao multinationals summit on Oct 19 to 20 this year, which will be forged into a new platform for the country's greater opening-up, Qian said.

The country has stepped up nationwide education on aging with the aim to raise citizens' awareness and called on the public to care for the elderly.