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Wang Zecai, a senior researcher at the Chinese Academy of Fiscal Sciences, said that local governments have taken targeted measures to stabilize economic growth.

Wang Zhiqin, an expert with the Ministry of Industry and Information Technology, said, "Given that the first version of 5G standards will come out in June this year, we expect system equipment, including base stations and network gears, will be able to achieve the pre-commercial level by the end of 2018."

Wang also noted that it could be an act of political persecution, considering the timing and the fact that the four officials all publicly oppose "Taiwan independence" and support reunification.

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Wang also said the authorities plan to seek suggestions from industry associations to revise and enhance regulations regarding capacity replacement projects. Current regulations ask steel companies to shut down a larger number of existing capacity before building any new ones.

Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses a grand gathering in Nanning, capital of Southwest China's Guangxi Zhuang autonomous region, Dec 10, 2018, in celebration of the 60th anniversary of the region's founding. Wang led a central delegation to attend festivities marking the anniversary. [Photo/Xinhua]

Wang cited one example. By Feb 2, nearly 130 Chinese companies had joined a campaign initiated a day earlier to suspend some ongoing businesses and scientific research programs so that resources－including laboratories, devices, capital and personnel－could be used to accelerate infection detection and control of the COVID-19 outbreak.

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Wang said the government will come up with more solutions to stimulate consumption in key products like automobiles, furniture and home appliances. It will make changes on the restriction policies for automobile purchases in some cities across China, and support local governments to formulate reward and compensation policies to encourage manufacturers to conduct trade-ins for electronic products.

Wang said by the end of this year, 5G network construction will cover the area within the Fifth Ring Road in the city.

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Wang noted that the SPP has also issued five examples of unconfirmed gang-related cases last year to show procuratorial organs how to identify such cases. Procuratorates at all levels have also been required to strictly distinguish between the legal and illegal property of criminals.

Wang expects investments in infrastructure and property sectors to moderate in 2018, as the government has tightened controls over local debt and credit, adding to weaker sales in the property market.