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As of December last year, China had 102 listed internet companies, carrying a total valuation of nearly 9 trillion yuan.

As of 7:00 pm Monday, 1,193 listed companies on the A-share market have disclosed their R&D spending in financial reports for 2019, which amounted to 420.1 billion yuan (about billion), the report cited data from financial information service provider Wind.

As one of the most successful private carmakers in China, Geely has been spending heavily to sharpen its competitive edge. Its research and development expenses in 2018 totaled 21 billion yuan, accounting for 6.4 percent of the group's total revenue in that year. Over the past decade, it has invested over 100 billion yuan in research and development. It has also established five major research and development facilities, employing up to 20,000 engineers.

As part of the integrated development of the Beijing-Tianjin-Hebei region, Beijing is redeveloping Tongzhou into a subsidiary administrative center.

As of the end of last year, the total length of China's high-speed railways rose to 29,000 km, more than two-thirds of the world's total, it said.