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Analysts expect that the industry will continue the upward trend this year, thanks to support policies from the government and robust demand for health insurance and endowment insurance products.

Analysts said the latest regulatory measures put pressure on domestic companies, with the smaller players set to face the heat in the long term.

Analysts said the effect of the China-US trade frictions on China's macroeconomic fundamentals would be mild, although attention should be paid to the potential impact of an expanded scale of the disputes.

And even with her smartphone in hand, Wen couldn't figure out how to scan the square-shaped Quick Response code－a mix of black and white pixels－to register at a health checkpoint.

Andrew Mackenzie, CEO of Australia's largest mining company BHP Group plc, also recognized that China has achieved astonishing results in gaining mutual benefits and creating a win-win situation in its BRI-related activities, which has contributed greatly to eliminating poverty and creating jobs.