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Shi Ruipeng in Nanning contributed to this story.

Shi Kaifeng, WM's public relations chief, told Time News the startup has been focusing on independent research and development and values intellectual property protection.

Shipping route development is an economic sector that comes second only to oil and gas development in the Arctic. Arctic routes may further enhance EU-China economic cooperation, said Zhao Long, a researcher from the Shanghai Institutes for International Studies.

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Since China is moving to recovery ahead of other countries, its sequence of monetary and fiscal policies will serve as a global model. And, many multinational companies are using their China divisions as models for quarantine and opening-up around the world. For example, the Wall Street Journal reports that Starbucks, Disney and the property management firm Cushman & Wakefield are basing their recovery plans around the world on their experience in China.

Similar measures to raise rates by 5 basis points had been taken by the central bank in December, following the Fed's last rate hike of 25 basis points.

Since 2015, the government has advanced the national "toilet revolution" in rural areas. China has been pressing ahead with the campaign to improve rural residents' living quality.

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Since COVID-19 first hit Britain, data usage has soared by 50 percent or more, which has placed significant pressure on telecoms systems. "That's why reliable mobile and broadband networks are crucial," said Zhang.

Since 2013, policies have been launched nationwide to promote the development of new energy vehicles. Already more than 1 million such cars are on the road in China, the ministry said.

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Sihan Bo Chen, head of GSMA Greater China, said the 5G Innovation and Investment Group aims to attract more Chinese companies to participate in the global communications ecosystem to jointly promote technological innovation.

Similar projections from other organizations such as the Bank of China Research Institute and the International Monetary Fund have highlighted the fact that China has served as a major engine of the world economy amid the pandemic, said Xulio Rios, director of the Observatory of Chinese Politics in Spain.