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China Mobile's net profit slid 9.5 percent year-on-year to 106.6 billion yuan in 2019, as an increase in operating expenses ate into revenue, which inched up 1.2 percent to 745.9 billion yuan.
China Economic Information Service and PricewaterhouseCoopers China published a BRICS Investment Environment Report on Saturday, which provides information on macro-economics, the investment environment and the latest investment policies.
China Railway submitted a detailed plan, including high-speed train designs, terminus station construction blueprints, noise and vibration data, and tender documents for various construction periods, to transportation authorities in Singapore and Malaysia earlier this year.
China Petroleum and Chemical Corporation, a trading subsidiary of the group, said the international upward trend of oil price in the first six months significantly boosted the company's upstream business, while its midstream and downstream operations upgraded structure to ride the wave of the favorable market situation.
China Telecommunications Corp, the country's third-largest operator by mobile subscribers, announced it will officially launch 5G commercial services in September, marking an accelerated push in 5G application. The expected plan was to commercialize the technology in October this year.
