Xiang Ligang, founder of telecom industry website cctime.com, said: "The listing plan comes as China Tower is preparing for the upcoming fifth-generation network rollout and a branch into new business areas."
Xing also expects people living in smaller cities will have deeper pockets as the rapid urban development will boost incomes. Moreover, tame home prices and an improved environment will allow diminished precautionary savings and more money to be used for consumption, he added.
Xing also warned that there are still uncertainties and instabilities internationally, while domestic long-term structural contradictions remain prominent.
Xiao Zhengsan, the association's secretary-general, said one clear driving force behind this growth is that more local authorities have removed trade barriers on used cars.
Xu Zhijun, one of Huawei's three rotating chairmen, said in a media briefing in Shenzhen that the United States is launching a "coordinated, tactical geopolitical campaign" against the Chinese company.
Xiao said the company's business model addresses the credit needs of tens of millions of Chinese customers, who are underserved by traditional financial institutions as the latter lacks relevant information to accurately assess applicants.
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Xin Guochang, an information monitoring official at the ministry, said despite the overall transparency of information being disclosed regarding the outbreaks, it cannot be ruled out that some farmers deliberately concealed outbreaks from authorities for various reasons.
Xiaozhu is often seen as China's answer to Airbnb, the global online marketplace and hospitality service company. More than 500,000 shared houses in 650 cities and other destinations are listed on the Xiaozhu platform. Many of them are fitted with smart smoke detectors and alarms.
Xi, who is also president and the chairman of the Central Military Commission, expressed the hope when he attended a gathering in Beijing on Tuesday and extended Spring Festival greetings to representatives of non-Communist parties, the All-China Federation of Industry and Commerce, and those without party affiliation.
Xiaomi reported a strong growth in smartphones in the first quarter compared to its weak fourth quarter performance last year. The smartphone segment recorded around 27 billion yuan in revenue, and smartphone volume sales reached 27.9 million units.