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China Southern Power Grid, another State-owned utility powerhouse, has constructed 12 alternating current lines between Laos, Myanmar and Vietnam.

China aims to cut the average debt-to-asset ratio by another 2 percentage points for its centrally administered, State-owned enterprises by 2020, the country's State asset regulator said on Wednesday.

China Institute for Coal Economic Research under China University of Mining and Technology (Beijing) released a report on Tuesday, saying the coal industry had a well-balanced development in 2018, despite a slight slowdown compared with 2017.

China and Russia proposed that the DPRK voluntarily make political decisions and announce the suspension of its nuclear tests and ballistic missile launches, and that the US and the ROK accordingly suspend their large-scale joint military drill.

China also hopes to narrow the gap between the PLA and other militaries and remedy deficiencies in the military's modern warfare capabilities.