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Shi said the issuance of sovereign dollar bonds is an important initiative to internationalize the country's financial system as the country enters a new era after the conclusion of the 19th National Congress of the Communist Party of China. At the same time, it sets up a pricing benchmark for Chinese companies' foreign currency-denominated bonds, Shi added. "We will prudently study the arrangement of issuing any following non-RMB sovereign bonds" as the next step, Shi said. "Regardless of whether we continue to issue non-RMB sovereign bonds or not in the short term, we will stand firm to boost two-way opening of the capital market, exploring a long-term mechanism for non-renminbi bonds' issue."

Similarly, as the largest foreign holder of US Treasury debt, China has an important role to play in funding the increased budget deficits of the Trump administration - a role that could be seriously questioned as the United States launches a trade war against China, he said.

Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. [Photo/Agencies]

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Shenzhen's robust economic competitiveness is also due to its successful economic transformation and upgrading. "Adaptation to new economic and environmental trends is a challenge for Asian municipalities,but also a source of potential innovation," said Roberto Herrera, the special representative of UN deputy secretary general and executive director of UN-HABITAT.

Shu Youxing, head of the vehicle intelligence technology at BYD Automotive Industry, told the conference that BYD has initiated a technology sharing website, which connects the 341 sensors inside finished automobiles, offering driving data to software developers.

Short for floating, production, storage and offloading, an FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms such as a subsea template, process and store the oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline.

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Si Han, head of GSMA China, said earlier that China is leading early adoption in 5G, and the nation's telecom operators, industrial enterprises and consumers remain enthusiastic about the superfast technology.

Since 2016, China has set April 24 as the country's Space Day to mark the launch of its first satellite into space on April 24, 1970.

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Since China introduced mass entrepreneurship and innovation policies in 2014, more than 4,200 new hackspace companies have been created, serving over 120,000 start-up businesses and raising over 5.5 billion yuan (0 million)

Shuanggui is an intra-Party disciplinary practice in which CPC members under investigation must be available for questioning at a set time and place. Detention by supervisory commissions is an investigative measure empowered by the supervision law, which stipulates strict approval procedures and time limits for detention. So, the biggest improvement resulting from replacing shuanggui with detention is to put the practice within the legal framework, which will better protect suspects' rights.