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"Currently there's more cooperation instead of fierce competition in the emerging big-data industry, "Han said: "Grasping that opportunity, the national lab and our research center will introduce big-data circulation standards and encourage enterprises to run big-data business according to the standards. Thus, we will embrace a better competition environment in the future."

"Cross-border capital flows showed a generally stable trend, and the net inflows in the second quarter have increased," Wang said.

"Chinese companies' overall investment into 5G network is likely to hit 2 trillion yuan to 3 trillion yuan. Such a gigantic investment can help spur economic growth, fuel the development of digital economy, and create a sound telecom infrastructure for upgrade of traditional sectors," Zhang said.

"Chips in bedding can record the whole washing process, including washing, sterilization, eliminating alkali and ironing. All are automatic and monitored by cameras. By scanning QR codes, hotel guests can see the time of every operation," he said.

"China's business environment is more regulated than before. IPR protection is a typical example," Vice-Premier Wang Yang said during a China-US Joint Commission on Commerce and Trade in Washington, DC, in 2016.