The report predicts that transactions of products across all categories through livestreaming e-commerce will increase 156 percent year-on-year to nearly 1.16 trillion yuan in 2020, and the booming livestreaming e-commerce segment will contribute new growth points to China's gold and jewelry industry.
The report identified key Chinese policies, including Made in China 2025 and the Belt and Road Initiative, as major driving forces for continued growth in Chinese outbound deals, although it warned that Chinese acquirers should approach deals strategically in the face of regulatory tightening overseas.
The report estimated that mining, middle and high-end manufacturing, accommodation and catering, real estate, scientific research and technology services will be hot investment targets this year.
The report also showed that 60 percent of outbound trips in 2016 were carried out by independent travelers and not groups.
The report added 5G functions will raise costs; if the raised cost is reflected in the price of smartphones, it may lower consumers' purchasing and hurt sales.
The release stated that representatives attending the forum in Singapore mapped out AI's widespread adoption throughout retail, medical care, education and financial services, and vowed to strengthen cooperation with China, and especially Shanghai, a city aiming to build itself into a global AI highland.
临沧阴茎根部长了疙瘩
The report pointed out several pain points of the world IoT, including lacking business system and mode to product goods for the public and lacking unified global standards.
The report called for more efforts on the convergence of China's development opportunities with those of Belt and Road partners and other countries in the wider world.
The regulator has set a three-year period to accomplish the tasks, including preventing systemic risk, cracking down on illegal businesses and taking more effective measures against foreign insurers that fail to meet solvency requirements and to address long-delayed problems, according to the plan posted by the China Insurance Regulatory Commission on its website.
The report expected China's sharing economy to grow over 30 percent annually in the next five years, with popular shared services likely to emerge in the agriculture, education, medical and old-age care sectors.