The consumption of data for each user has surpassed 10 GB per month in many countries. The capacity of internet will be challenged by the end of 2019. Leading operators have started commercial deployment of 5G this year, said Ekholm.
The country plans to increase agricultural product exports, which are expected to rise 3 percent annually during the period, according to the plan.
The container ship COSCO Netherlands docks in Singapore port, the largest port in Southeast Asia.[Photo/Xinhua]
The contraction in industrial profits may have hit the bottom in the first two months and is set to narrow in March, while whole-year industrial profits may decline by 11.2 percent year-on-year, according to analysts with Shenzhen-based China Merchants Securities.
The contracts signed between SBM Offshore, a Netherlands-based company engaged in the offshore energy industry, and its Chinese partners on two more floating production storage and offloading (FPSO) hulls will further enhance their ties and thus help the company to expand its presence in China, said company's top official.
The cooperation includes building an internet-powered hospital and an artificial intelligence medical innovation lab.
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The corruption scandal disclosed the country's inveterate collusive ties between politicians and businessmen, under which large conglomerates grew rapidly but distorted order of the market economy, eventually causing loss to the entire economy.
The country will continue to let the market play a decisive role in resource allocation, and focus on better protection of property rights, especially intellectual property rights, said Liu, who is also the director of the General Office of the Central Leading Group for Financial and Economic Affairs.
The country pledged in May to increase its deficit by 1 trillion yuan over last year and issue 1 trillion yuan of government bonds for COVID-19 control, as part of efforts to prop up its virus-hit economy.
The conference, now in its third year, is expected to add new momentum into the city's high-quality development.