The country will step up the construction of new types of infrastructure, develop next-generation information networks and expand 5G applications, according to the 2020 Government Work Report.
The country saw a surplus of 201.9 billion yuan in international goods and services trade last month, according to data from the State Administration of Foreign Exchange.
The contest works much like a boxing competition. Each hit counts as a point and if no knock-out happens, judges count the points and evaluate the offensive strikes.
The confidence comes from the steady and positive momentum of China's economic growth. He urged business leaders to tap into the market vitality and deepen their communication and cooperation.
The country aims to increase the total number of domestic incubators, makerspaces and accelerators to more than 10,000 by 2020, with a target of 100 overseas incubators, makerspaces and accelerators for the same period.
The country will smooth domestic circulation and let domestic and international circulations reinforce each other, spurring consumption in an all-round way and expanding investment, said the statement.
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The conference also saw the launch of the IoT Innovation and Entrepreneurship Competition, the 2019-2020 Annual Report on the Development of IoT in China, and the 5G-empowered platform developed by Chinese telecommunication giants.
The country is also home to about 170 million skilled workers, while highly-skilled workers amount to some 48 million, data from the All-China Federation of Trade Unions (ACFTU) showed.
The country has set this year's goal for the five State-owned large commercial banks to increase outstanding loans to small and micro businesses by more than 30 percent year-on-year, while reducing their overall credit financing cost by 1 percentage point, officials said.
The consumption boom during the National Day holiday has also attracted attention from across the world. Carlos Abella Picazo, secretary-general of Spanish organization Mesa del Turismo, which represents the interests of all sectors of the Spanish tourism industry, said that the Spanish government should learn from China's experience, strive to contain the epidemic as soon as possible, and rejuvenate Spain's sluggish tourism industry.