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China Unicom's Shanghai-listed unit plans to raise funds from more than a dozen major investors with 35.19 percent of shares, including Tencent Holdings Ltd, Baidu Inc, and Alibaba Group Holdings Ltd, as part of the country's broad push to revitalize State-owned companies with private money.

China Mobile, the nation's largest telecom operator, for instance, has announced plans to help companies build dedicated 5G networks to accelerate digital transformation.

China also encourages the general public to engage in innovation and entrepreneurship. If you have been to China, I am sure you have experienced the convenience and efficiency brought by China's "new four great inventions", namely, high-speed rail network, e-commerce, mobile payments and sharing economy. These inventions are the results of effective talent training in a society that values creativity.

China Literature, which has Tencent as its shareholder and strategic partner, distributes its content via the mobile QQ app, QQ browser, WeChat Reading, Tencent News and Tencent Video.

China Railway Rolling Stock Corp, the world's largest railcar manufacturer, is concerned about the impact of proposed US tariffs on Chinese rail equipment and is taking actions, Jia Bo, vice-president of CRRC MA Corp, said on Thursday.