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China's treasury cash is held at the PBOC, or the central bank, but commercial banks also look after a part of it in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.

China's second-largest telecom equipment maker, ZTE Corp, said it is "fully prepared" for the large-scale deployment of the 5G network as the company races to take a leading position in driving the world into a new era.

China's success in fighting desertification, or soil loss, is a model that can be replicated in other parts of the world, delegates to a United Nations conference said on Wednesday.

China's tea drinking market is estimated to be around 40 to 50 billion yuan (.81 to 7.27 billion), according to CITIC Securities. According to China Tea Marketing Association, more than 500 million consumers consumed 1.9 million tons of tea leaves in 2017. As the world's largest producer and consumer of tea, China is seeing a new trend of tea, brewed by both local and international players, looking to steal young people from the beverage's long-standing enemy－coffee.

China's railways are forecast to handle 3.25 billion passenger trips in 2018, which would be an increase of about 6.9 percent from 3.04 billion in 2017. Last year, more than half of the trips, or 1.71 billion, were made by bullet trains.?