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Li also called for the development of new industries and businesses to counter downward pressure with greater market vitality, and encouraged domestic firms to participate in international cooperation and develop diversified markets.

Lex Machina recently released a report that showed Apple was sued for patent infringement 59 times last year. Amazon came in a close second, after being on the receiving end of 50 new patent lawsuits. The rest of the top 10 companies most targeted by patent litigation is a who’s who of the tech world, with Google drawing 39 lawsuits, and Microsoft pulling in 35.

Li also said the campaign will help clarify the duties of each agency, which will make enforcement of the Cybersecurity Law more effective.

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Li Chao, a senior analyst at market research firm iResearch, said JD Finance has expanded its presence in supply chain and consumer finance, which are rooted in its online shopping platform, and offered financial services in rural areas, and the fundraising will have an influence on the future public listing of JD Finance.

Less investment in the US and more investment in China "shows clearly who is becoming more and more open, and who more and more conservative", he added.

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Li Yang, chairman of the National Institution for Finance & Development, said robust market demand backed by a large domestic population has driven China's fintech development.

Li Tiejun, a security engineer at Beijing-based Cheetah Mobile Inc, said being wary of virus attacks would play a more significant role than simply installing mobile security apps.

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Li called the bridge a landmark project for China's cooperation with the EU and 16 Central and Eastern European countries, using EU financing and standards. Chinese companies competed for the project during fair and transparent bidding and will fulfill all conditions in the contract to make it a good facility that can stand all tests, he said.