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China and the Republic of Korea should strengthen cooperation in advanced technology and innovation, State Councilor and Foreign Minister Wang Yi said on Tuesday.

China Railway Rolling Stock Corp will deepen State capital management reform, bolster the role of its industrial investment and financial holding companies, and utilize innovation to boost its earning strength in the years ahead.

China Telecom said users currently need to go through a number of steps such as inputting passwords or receiving a verification code in short messages before they log into internet companies' apps. Such methods are inconvenient and expose users to cyber theft or phone fraud.

China and another 27 countries have jointly adopted the Guiding Principles on Financing the Development of the Belt and Road, which highlights the need to ensure debt sustainability in project financing. In case our cooperation partners face difficulties in servicing debts, China will properly address this issue through friendly consultation, and will never press them for debt payment. As a matter of fact, no country has got trapped in a debt crisis since its participation in the BRI. On the contrary, it is through participating in BRI cooperation that many countries have got out of the trap of "no development".

China Mobile Communications Corp, China United Network Communications Group and China Telecom Corp, the country's major telecom operators, have already accelerated their efforts to develop 5G technology, with their total investment in 5G infrastructure forecast to reach up to 0 billion over a seven-year period.