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As the size and development dividends of the Chinese capital market cannot be overlooked, adding A-shares to the MSCI portfolio will help China further push forward its financial reforms and in return benefit the world by delivering more Chinese dividends.

As the first district set up in the city－which borders the Hong Kong Special Administrative Region－Luohu is considered a perfect example of Shenzhen's reform and development, and it has set many records as a pioneer of reform. For instance, it was in Luohu where the first foreign bank, the first stock exchange and the first Sino-foreign joint venture hotel on the Chinese mainland were founded.

As the Chinese economy continues to grow at a medium-high speed and climb higher on the value chain, China's traditional industries are transformed and upgraded at a faster pace, and emerging industries flourish, he said.

As the top industry regulator, the ministry will oversee Chinese telecom carriers' bidding processes, and it encourages competition, Miao said, adding that delivering quality 5G products and services is the only way for companies to increase their market share in China.

As the novel coronavirus pneumonia outbreak shows signs of slowing in China, some provinces and regions have been resuming their tourism businesses.