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China aims to lift 70 million people above the poverty line by 2020. The central government introduced a national database to analyze the number of people living in poverty after the announcement of the 2020 target. It is formulated to help precise project planning and to allocate cash resources more effectively.

China Unicom said the service would be run by Unicom-AirNet, a joint venture it set up in April with several local partners. The company said it has built the largest satellite communication infrastructure in Asia, which will help ensure communication quality.

China and Sudan have always understood and supported each other in the six decades since they set up diplomatic relations, Wang said, adding that the two countries have carried out cooperation with fruitful results in various areas.

China Minsheng Bank was fined 31.6 million yuan (.68 million) early last December for irregularities including investing wealth management funds in the property market.

China Everbright Trust has promoted asset securitization financial instruments such as asset backed securities and the scale of the property right trust has reached 36.6 billion yuan.