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"Greater efficiency is needed in the patent and trademark examination, and a greater number of patents in core areas and with high value will be promoted. It is particularly important to increase the patent commercialization rate, which is relatively low at the moment," Li said.

"Furthermore algorithms used for encrypting information transmitted on 5G networks are designed so that even quantum computers of the future won't be able to crack them," he added.

"From cross-border trade, to free trade zones, and the China International Import Expo... what we see as a foreign company is a more and more open market in China. It not only means simplified procedures and efficiency, but actually boosts business."

"For gold retailers that are already well-known to consumers in China, developing online sectors and livestreaming e-commerce is no doubt a great way to boost revenue. However, it is more challenging for small and medium-sized companies, and gold jewelry processors and manufacturers, as they usually make transactions with companies and are less known to consumers," Wang said.

"Getting paid is the basic right of migrant workers," he said.