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As part of its broader push to lead the global race toward commercializing 5G, China will also expedite the use of the superfast technology in education, medical care, elderly care and other sectors, Miao added.

As one of the first cities in China to limit car sales, 100,000 new license plates are handed out a year in the capital city.

As one of China's manufacturing innovation centers, the zone has developed several pillar industries including smart manufacturing, life science and new materials.

As if taking cue from Premier Li, the governor of the country's central bank, Zhou Xiaochuan, said at a news conference on Friday that the People's Bank of China opposed direct transactions between the bitcoin and the renminbi, its fiat money or the Chinese currency. Nor would it endorse use of virtual currencies for retail payments.

As of 2016, Oracle was seeking about billion from Google, though that number could grow.