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The country now has over 690,000 5G base stations. More than 500,000 of these were built in 2020, achieving the target set at the beginning of this year ahead of schedule, Wen Ku, an official with the MIIT, told a press conference on Thursday.

The confidence in a resilient Chinese economy also comes from the country's role in global supply chains.

The coronavirus outbreak has brought "unprecedented" operational and financial challenges soon after the plan was submitted to the Legislative Council's Finance Committee in late February, said Secretary for Commerce and Economic Development Edward Yau Tang-wah.

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The conference touches upon issues of common concern in Asia and the world, such as major country relationships, the Belt and Road Initiative, artificial intelligence, green governance, green financial innovation, measures in response to aging, and polar governance and exploration.

The country will pursue a prudent monetary policy in a more flexible and appropriate way, and encourage financial institutions to enhance support for the real economy, especially small and micro companies as well as private firms, the central bank said last month.

The country also plans to build another 30,000 primary and secondary schools with soccer programs in their curricula by 2025 to foster children's interest in the sport and promote high-quality coaching, training and competition, Wang said.

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The country will allow foreign institutions to conduct credit rating business with all types of bonds in China's interbank and exchange bond markets, said the State Council's Office of Financial Stability and Development Committee.

The conference has highlighted that the country will attach greater importance to the protection of property rights, vowing to accelerate the retrials of major property-ownership-related cases to boost business confidence and foster positive market expectations.

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The country also had 45.5 percent of global new orders and 44.6 percent of holding orders, said the MIIT.

The country saw FMCG sales flatten in the first nine months of 2020 after three straight years of more than 5 percent of annual growth, the report by consultancies Bain&Co and Kantar Worldpanel said.