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"China has already made significant progress in the research and development of 5G, and more efforts will be made to ensure Chinese companies are at the forefront," Chen Zhaoxiong, vice-minister of the industry and information technology, said at a forum last month.

"But most producers don't have enough money for their R&D work. With the support of the fund, domestic suppliers can bring in more advanced technology from abroad through investments, and mergers and acquisitions," Lin added. "This will in effect help domestic companies to grow faster and produce more competitive products."

"China is already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China has witnessed the rise of social media, e-commerce and online to offline platforms in recent years, which has spurred an increasing demand for designing from domestic companies and private users," said Zhang Yuan, CEO of Canva China.

"By creating an atmosphere of so-called civilized smoking, the tobacco industry is trying to undermine the existing strong legislation to make Beijing a smoke-free city," he said.