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Wang called the task of protecting internet users' personal information "grim."

Wang Qingyun and agencies contributed to this story.

Wang believed that digital trade will help promote the sharing of knowledge and technology factors, advance digital transformation, boost innovation and develop new business forms and models in trade.

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Wang Youxin, an analyst at Bank of China's research institute, said the recent move further implies there will be no changes to the benchmark rate, as it has already helped to shrink the gap between the two countries, mainly the short-run interest rate gap.

Wang said the increased interest in Mandarin in the UK during the past decade has been overwhelming. He said the expansion of Confucius Institutes and the smaller Confucius Classrooms played an important role.

Wang Yang, an analyst with Soochow Securities based in Suzhou, Jiangsu province, said that apart from the economic recovery underpinned by supportive policies, cyclical factors also imply that earnings growth will continue to recover in the rest of the year.

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Wang said as China's door opens wider, the country will invite both challenges and opportunities. By overcoming the challenges, Chinese companies will be able to offer better products and services to world consumers.

Wang said he hoped that the two sides would implement the important consensuses made in the US-China trade talks May 17-18. "We believe it is important that both sides are willing to do addition instead of reduction to ease as early as possible and finally address the trade imbalance," he said.

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Wang also said the Pentagon's decision to disinvite the Chinese military from the 2018 Rim of the Pacific Exercise is a decision that was "taken lightly" and "unconstructive".

Wang Lei, president of Alibaba's local services company, said the novel coronavirus outbreak has greatly accelerated the digitalization push of the local services industry, vowing they will provide merchants with more traffic, a lower commission and better service.