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The government needs a long-term plan to speed up land supply; for example, to push ahead with its land reclamation project off northeast Lantau Island, Wong added.

The government has given digital players space to experiment before enacting regulation and is now becoming an active supporter, said Jonathan Woetzel, a director of the McKinsey Global Institute. He identified China as a "global leader" in the digital economy.

The gap is expected to narrow thanks to increasing scientific research on camels.

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The fundamental reason for the electoral defeat of the Democratic Progressive Party is that it did nothing to improve economic development on the island, said Zhang Wensheng, deputy head of the Taiwan Research Institute at Xiamen University, Fujian province.

The government will enhance corporate governance for SOEs under mixed ownership, and carry out explorations on systems of special right stock, Xiao Yaqing, head of the State-Owned Assets Supervision and Administration Commission, said at a news conference during the first session of the 13th National People's Congress.

The government is drawing up plans to conduct large-scale public education through the annual Constitution Day and National Security Education Day to correct the fallacies caused by inadequate understanding of national security and the Constitution.

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The gauge for new orders expanded at the quickest rate in nearly a decade, the report said.

The government is loosening regulations to encourage more firms to participate in the market. The government is also encouraging health insurance companies to use their money and resources to provide direct healthcare management and lifestyle intervention that leads to healthier lifestyles, Fang explained.

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The government plans to submit the bills to the ongoing Diet session and hopes to put them into effect as early as April 2021.

The frequency of replacement of appliances is also accelerating. Consumers may change their televisions, mobile phones every two or three years. With the coming of the era of intelligent appliances, more and more old products are waiting to be recycled.