Transactions on China's mobile payment systems were worth $32 trillion in 2017, almost 30 percent more than in 2016, according to People's Bank of China, the central bank. The number of mobile financial transactions totaled $37.6 billion, up 46 percent year-on-year.
Improving people's livelihoods took center stage during President Xi Jinping's major domestic inspection tours last year, highlighting his "people-centered" governance philosophy.
The telecom company ZTE won Informa's Best Technology Innovation for 5G award for its technological innovation at the 2018 Mobile World Congress in Barcelona, Spain, last month. The company, based in the southern city of Shenzhen, aims to become the first 5G commercial-equipment provider in the world.
For his part, Medvedev said the China-Russia comprehensive strategic partnership of coordination has developed at an unprecedented high level and he believes cooperation in key areas will undoubtedly see new results in the coming year.