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China and the United States agreed on the text of the phase-one economic and trade agreement based on the principle of equality and mutual respect earlier this month, which was the latest progress for the two sides to settle their two-year-long trade dispute.

China Mobile, the country's largest telecom carrier, said in December that the first batch of 5G smartphones will be priced at above 8,000 yuan (,166), and more than 30 commercial 5G devices are likely to hit the market in 2019.

China activated a level-IV emergency response, the lowest level, after a landslide struck the border area of Sichuan and Tibet on Oct 11.

China First Heavy Industries Co, which supplies technical equipment, high-tech products and services for a number of industries, including steel, nonferrous metals, electrical power, energy and automobiles, suffered financial losses in 2016 but has seen a notable jump in net profits since 2018, after it steadily deepened its supply-side structural reform and adjusted its operating model.

China and Canada negotiated a bilateral extradition treaty that will facilitate the return of corrupt Chinese fugitives who are still at large in Canada, according to Communist Party of China's Central Committee of Political and Legislative Affairs.