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Infrastructure financing demand alone will amount to trillion in the next five years, Hong said at a recent forum.

Individually-owned businesses should be encouraged, with more support to key groups, including college graduates, migrant workers and the unemployed regarding loans, taxes, and so on, the meeting noted, while calling for social security subsidies for those holding part-time jobs.

In their report "China is poised to win the 5G race," EY, a global leader in assurance, tax, transaction and advisory services, predicted that 5G users in China will reach 576 million by 2025, or over 40 percent of global consumption. The report also stated the country has the edge in the race to roll out 5G due to a series of national initiatives and instrumental support.

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Industrial experts agreed that by strictly following the central authorities' guidance of "one city, one policy" in accordance with their own conditions, local governments have been closely watching the land market and home market, and are ready to roll out new regulations and controls if the market shows signs of overheating.

Infrastructure investment is significant to people's livelihoods and steady economic growth. The country plans to spend at least 2.6 trillion yuan on transport infrastructure this year, with goals to further expand rail and road networks.

In their battle against novel corona-virus pneumonia, which has infected over 90,000 people worldwide, many countries are looking at proactive measures to contain the spread, including a possible delay of the Tokyo Olympic Games, boosting national budgets or building temporary hospitals.

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Indonesia's disaster agency says the death toll from an earthquake and tsunami disaster on a central island is now 1,234.

In what it is calling an experiment, Amazon Web Services shared its near-term road map for features and services built around containers Tuesday, a surprising move from a company that is notoriously tight-lipped about its future plans.

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In this case, fake luxury goods were produced in Chinese factories, sold via e-commerce and shipped to the US and other countries and regions.

Industry insiders said that for online education companies, making a profit is the biggest bottleneck, as the country's online education competition entered into the second half.