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As the global community fights COVID-19, the economy continues to plunge to new lows, with experts warning of a situation as dire as the Great Depression of the 20th century.

As research on smart technologies and innovative applications blossom in China, the country is accelerating the push to leverage cutting-edge smart technologies to upgrade manufacturing and inject new impetus for economic growth.

As revealed in China Daily last week, procuratorates across the country will soon be able to place people convicted of sexually abusing minors on a blacklist that will prevent them from working in 11 professions that offer access to children.

As the world's largest 5G and smartphone market, China has already made constant progress in telecommunication and electronics industries. A string of US tech firms, including Qualcomm and Apple, heavily rely on the China market for revenue and supply chains.

As recently launched mixed ownership reform pilot programs only offer limited experience for other companies, more far-reaching reforms are expected next year, according to Conrad.