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China Mobile established its 5G joint innovation center in 2016 and built 22 open laboratories and five industry alliances to boost innovation capability of the industry. The company launched China's first 5G Multimedia Innovation Alliance (5MII) in 2017, covering whole industrial chain links of digital media such as content production, transfer, distribution, and consumption.

China announced in June that it would levy an additional 25 percent tariff on 659 goods worth billion from the US - including agricultural products such as soybeans, pork and beef - in response to the US imposition of tariffs on billion of Chinese goods. The measures took effect on July 6.

China International Capital Corporation analysts said the index was likely to have risen 2.2 percent last month.

China and Vietnam are socialist neighbors linked as a community of shared destiny, Wang said. They should implement consensuses reached by leaders of the two nations and effectively align the Belt and Road Initiative with Vietnam's development strategies to make new progress in the comprehensive strategic partnership they forged, he said.

China Railway Major Bridge Engineering Group Co Ltd, or MBEC, one of the country's biggest bridge makers, said its business overseas is expected to exceed the domestic market in the future, while focusing further on updating building quality through innovations with smart technology.