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China's biggest memory-foam manufacturer Mlily and rival mattress maker King Koil China are set to go head-to-head in the auction for one of the United Kingdom's biggest bed retailers, Dreams, with bids expected in the range of 400 million pounds (7 million), according to media reports.

China will further boost the service outsourcing industry and step up digital transformation in key sectors such as cloud computing and software, said a guideline issued by the Ministry of Commerce and seven other ministries and commissions on Tuesday.

China will further simplify procedures for setting up foreign-invested enterprises to promote free trade and investment at high standards, under a decision made at a State Council executive meeting in May chaired by Premier Li Keqiang.

China's Huawei Technologies, Xiaomi, Oppo and Vivo captured four leading positions among the top six smartphone brands in terms of shipments. Chinese computer maker Lenovo also rose into the top 10.

China's SOEs now have 9,112 agencies across 185 countries and regions.