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The Chinese government attaches high importance to 5G, which will also spark a faster rollout, Xiang added.

The China Securities Regulatory Commission, the country's top securities regulator, said recently that it will, as soon as possible, roll out the revised rules for the Qualified Foreign Institutional Investors program, known as QFII, and the renminbi-denominated RQFII, two programs that enable licensed foreign institutions to invest in the mainland markets.

The China-led Belt and Road Initiative serves as a constructive platform to help achieve common prosperity for regional economies and contributes to global development, World Bank President Jim Yong Kim said on Sunday.

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The Chinese mainland adheres to the one-China policy, firmly fights any attempt at "Taiwan independence", and continuously promotes economic and cultural exchanges, An said.

The China-themed program was created to celebrate the global expansion of Chinese contemporary art by presenting museum-quality cutting-edge work from both established and emerging artists spanning across disciplines, according to its website.

The Central Economic Work Conference last week, a gathering of China's top leaders to discuss economic issues and reform plans in detail, decided China will deepen supply-side reform and will maintain its proactive fiscal policy and prudent monetary policy.

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The China market has been good to leading global cosmetics companies last year. The latter posted significant business growth on the back of e-commerce and customized products, which confirmed tremendous growth potential in the market, experts said.

The China Securities Regulatory Commission will work with Beijing authorities to explore the possibility of establishing a "science and technology transformation board," Yan Qingmin, vice-chairman of the commission, said at the "2019 Financial Street Forum in Beijing" on Thursday.

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The China Association of Metros said that by the end of June, 34 Chinese mainland cities had subway lines. Jinan and Lanzhou are welcoming their first metro lines.

The Chinese financial technology giant said the deal would allow the two companies "to reach a greater number of customers, especially in the fast-growing area of cross border e-commerce".