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China should step up the construction of underground gas storage facilities to meet increasing demand during the peak consumption period in winter, according to Zhang Mingsen, former deputy chief engineer of the Beijing Research Institute of Chemical Industry under the State-owned oil giant China Petroleum and Chemical Corp.

China issued a notice on March 1, calling for banks to provide certain micro, small and medium-sized enterprises with temporary extensions on repayments for loans that mature after Jan 25, with a maximum extension period until June 30, to avoid the capital chain rupture of major clients of small banks.

China may grant official 5G licenses to telecom carriers this year and is likely to start commercial use of the technology nationwide in the near future, possibly as soon as October, people familiar with the matter said recently.

China sold 47.52 million television sets last year, down 6.6 percent year-on-year, the biggest decrease since 2003, according to a report from domestic home appliance market monitor All View Cloud. The market researcher attributed the sales drop to spillover from tightened property market management, rising component costs and the popularity of other gadgets with similar functions, such as smartphones.

China launched an investigation into FedEx because the United States express delivery service provider allegedly failed to deliver parcels to designated addresses, a violation of Chinese postal regulations, a senior official said, adding that all foreign delivery companies should obey local regulations when operating in China.