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During the past 10 years, Huawei has spent 394 billion yuan in research and development, including 89.7 billion yuan last year.

During the China-ASEAN foreign ministers meeting next week in Singapore, the Philippines will be the new country coordinator.

During his visit to London on Tuesday and meetings with British Prime Minister Boris Johnson and other senior government officials, Pompeo said the United States wants to build a global coalition against China. He also criticized China's handling of the COVID-19 pandemic and praised the UK government for stripping out the Chinese telecoms firm Huawei from its telecommunications network.

During the first six months of this year, China gave the green light to Chubb Ltd, a global insurance and reinsurance company, to purchase an additional 15.3 percent of Huatai Insurance Group Co Ltd. Upon completion of the share purchases, Chubb is expected to own 46.2 percent of Huatai Insurance Group.

During the same period, non-bank payment institutions processed 203.51 billion online transactions amounting to 70.22 trillion yuan, respective rises of 14.48 percent and 18.37 percent year-on-year, the report said.