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And so, I think people really want to do multiple things with their tablets and therefore we don’t really see the limited function tablets and e-readers as being in the same category. There are clearly customers who will buy both and I think they will sell a fair number of units, but I don’t think people that want an iPad will settle for a limited function.

Anais Martane [Photo by Zhang Xingjian/chinadaily.com.cn]

An opening ceremony was held Sunday in the Hangzhou Future Sci-Tech City, with more than 1,000 people in attendance. A total of 11 institutions and companies signed 10 agreements on 5G technology at the ceremony. The agreements included cooperation on developing the digital economy and the building of artificial intelligence (AI) research centers and smart vehicle testing platforms.

Analysts said if target retirement funds are offered to China's investors, the mutual fund industry as a whole would benefit as they add variety to market products. Such funds also are in investor interest and help investors understand the benefits of long-term investments.

Analysts also said that the low prices of China's exports have failed to reflect the real value of the precious resource.