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"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," he said. "To tap into this demand, Xiaomi plans to launch over 10 types of 5G smartphones next year."

"Cultural products that illustrate Beijing's culture and the charm of the Chinese culture can be seen in details at the exhibition," he said, adding the event will help the Egyptians to get a closer look at the Chinese capital.

"Companies like Ant Financial and Ziroom are introducing personal credit scores in the house-leasing business. This will create a new mechanism and a regulation system in the market," Yan said.

"China's app economy is accelerating in growth, putting it within striking distance of Japan and the United States," Bertrand Schmitt, CEO and co-founder of App Annie said.

"Currently, epidemic prevention and control is still the top priority. SOEs are also stepping up efforts in resuming work and production. As long as we guard with effective measures and make scientific arrangements, agglomeration risks can be avoided," Xia Qingfeng, director of the Publicity Bureau for the State-owned Assets Supervision and Administration Commission of the State Council, said during a press conference.