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"Compared with that of 2016, the growth was stable. We see it as a result of the government's effort to promote reading," said Xu Shengguo, a member of the academy's research team. "It also shows people choose different platforms to read: books in print; e-books on computers and smartphones; and audiobooks."

"Compared with sales figures, we are more concerned about the quality of our sales and customer satisfaction," Xu said.

"China's 5G industrial chain is relatively complete at present and it has developed certain advantages in some parts, however, there are still some difficulties and bottlenecks," Li Zhen, a senior analyst with the communication research center of CCID Consulting, said.

"Currently, we see a little bit of easing of monetary policy, but it is still in a neutral position, which fits the macroeconomic situation quite well," said Zhu.

"China's experience is that it has not copied any other country's development path and has not entirely followed European or US scholars' advice, especially their advice on financial sector, but that it has formed its own model of development, Cai said.