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The country is likely to issue 5G licenses to telecom carriers in the second half of next year at the earliest and will be among the first to issue 5G licenses in the world, Wang said earlier this year.

The connect has attracted great interest from Chinese investors looking to diversify their portfolios by purchasing overseas stocks, and from global investors looking to buy into China’s high-growth companies.

The construction of an airport will not only improve the city's economy, but also benefit local tourism, trade and logistics, and industrial development in the long term, said Li Xiaojin, a professor with the Civil Aviation University of China, adding that the high-tech industries of neighboring Nantong, Wuxi, Suzhou and Jiaxing will all benefit.

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The cost of water transport is also expected to decline because of the capability to carry more large ships.

The country now lets non-Chinese financial institutions to set up wholly owned units in the country.

The consumption habit of food delivery is accelerating from first-tier cities to second- and third-tier cities. From Feb 17 to March 1, Meituan noted Urumqi, the capital city of Xinjiang Uygur autonomous region, saw the largest increase of orders, compared with Jan 6 to Jan 19, the time before epidemic. Harbin, Nanchang, Xi'an and Dongguan won the second to fifth spot.

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The country will also extend the credit loan support tool to help small businesses stabilize their operations, the meeting said.

The country will also see mild growth in inflation with the consumer price index, a main gauge of inflation, reaching 2.13 percent. The policymakers are capable of keeping prices within a reasonable range and there is no major inflation risk in the country, the report said.

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The consumption expenditure of rural residents grew faster than that of urban residents, or 12 percent and 6.5 percent, respectively, NBS released.

The country has also stepped up crackdown on transaction fraud and illegal money changing through "underground banks" while increasing the verification on the authenticity of cross-border payments, Pan said.