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And she stressed that media reports relating to BT are "not an accurate reflection of the real situation", explaining instead that, because BT already uses Huawei equipment extensively for its radio access networks, BT has a policy of not using Huawei equipment for its core networks, in order to achieve diversification of procurement.

Analysts said the measure may help boost sales somewhat but will not produce huge impacts immediately as the sum is not significant considering cars' price tags, but they added that it shows the authorities' attitude toward new energy vehicles and smaller cars.

And it is big business. The total sales of tickets for concerts and festivals in China amounted to 3.2 billion yuan for 2016.

Andrew McAfee, principal research scientist at the Massachusetts Institute of Technology (MIT), best-selling author and co-founder of MIT's Initiative on the Digital Economy, said major developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" in his keynote address.

Anhui province in East China vows to step up smart manufacturing and innovation as the major stimulus of economic growth. Home to tech startups iFLYTek, Hikvision, Kingsoft and Huami, the city has nurtured a variety of cutting-edge industries that inject new momentum to its integrated development.