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The development of 5G mobile communication technology will also transform the trade in services, largely facilitated by the platform economy, he said.

The decision came after Xiaomi inked a strategic partnership with home appliance maker TCL and bought a tiny portion of the company's shares weeks ago.

The death toll in the US passed 200 on Friday and there were more than 14,000 confirmed cases of the coronavirus.

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The decline came as the first batch of 5G smartphones in China is scheduled to hit the market by the end of July.

The dolphin is currently in a pool designated for dolphin rescue at the reserve and will soon be released, said Chen.

The developments have significant implications for the country's drive to broad-base its energy-mix, achieve energy security and cut polluting emissions, industry insiders said.

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The delegates congratulated Xi on the success of the CPC's 19th National Congress and expressed admiration for the CPC's people-centered goals. They spoke highly of China's achievements in economic development, improvement of people's livelihoods and poverty reduction.

The decline of bus trips is expected to occur thanks to the rapid development of high-speed rail and airline service. More people have changed to trains and planes to get home, according to a statement from the Ministry of Transport.

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The default rate of credit bonds stood at 2.39 percent this year, up from 1.6 percent in 2019, said the institute. However, this is much lower than the default rate reported in other markets overseas. Moody's wrote in a report that the trailing 12-month global speculative-grade default rate reached 6.7 percent at the end of November, which was twice the figure before the COVID-19 pandemic. The default rate of some such bonds in the United States even exceeded 8 percent.

The difference in value between the two nations' brands has dropped from trillion in 2018 to just over trillion in 2019, said the report.