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China Telecom said in a statement that it carried out outdoor NB-IoT tests in 12 cities in the first quarter. In March, it announced the release of the world's first commercial NB-IoT technology-based smart water project, in partnership with Shenzhen Water, marking a significant step in promoting the commercial use of the NB-IoT.

China Unicom promised to build a new-generation telecommunication network by allocating all its resources to guarantee the best quality.

China and New Zealand signed a cooperation agreement on the Belt and Road Initiative during Premier Li Keqiang's visit to the country last year, making it the first developed country to sign such an agreement with China.

China Life Insurance Co, the life insurer of the group, saw its net profits soar to 92.6 percent year-on-year during the first quarter of 2019. Net profits amounted to 26.03 billion yuan (.88 billion), according to a statement filed to the Shanghai Stock Exchange.

China and Myanmar signed an agreement in April on a crude oil pipeline starting in Myanmar's Made Island and ending in Yunnan province, the latest energy cooperation between the two countries to send oil from Myanmar's Kyaukpyu Port to Yunnan.