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"Cross-industry cooperation is needed to speed up the maturity of 5G. China Telecom will step up efforts to push forward such collaboration," Yang said. "We aim to launch commercial 5G services in 2020."

"Consumers' purchase records will be stored in the background. Based on that information, consumers' shopping preferences can be collected and analyzed by our system. Using big data, both Intersport's online and offline stores will push advertisements to match each consumer's preferences, recommending their favorites in our store. This is called 'second reach'," said Sun.

"Civil diplomacy is facing challenges during the pandemic, but there are also new opportunities as the Chinese government is aiming to be more open on more levels," he said, adding his organization will continue to promote civil diplomacy and globalization to eliminate cultural barriers and let the world know more about China and vice versa.

"China will continue to step up efforts in quality supervision and law enforcement to protect consumer rights this year," said Zhang Mao, head of the SAIC. "The complaints channels for consumers will be improved, and the supervision of market players will be tightened."

"Chinese companies could invest in Britain which would then give them a leg into the bigger European market. I think some of the appeal of Britain must drain away now."