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China Huarong's profit attributable to equity holders decreased by 94.9 percent year-on-year to 684.6 million yuan (.74 million) for the six months ended June 30. The company's annualized return on average equity attributable to equity holders dropped from 22.6 percent year-on-year to 1.11 percent in the period. Its annualized return on average assets also dropped from 2.1 percent to 0.12 percent, according to its 2018 interim results announcement.

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 Southern Airlines Co, the largest airline by fleet size in Asia, announced on Thursday it would withdraw from SkyTeam when its agreement with the airline alliance expires on Jan 1.

China Tower was established in 2014 to handle the tower assets of the country's top three telecom carriers - China Mobile, China Unicom and China Telecom - with the aim of reducing duplication of construction and expenditure.

China and Russia reaffirmed they will never allow any conflict or war to happen on the Korean Peninsula, and oppose any party's position that could intensify tensions. The affirmation was made at a meeting between Assistant Foreign Minister Kong Xuanyou and Russian Deputy Foreign Minister Igor Morgulov in Moscow on Monday.