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China's Ground Force excels in events testing air defenses, driving and maintenance in battlefield conditions. Cui Jia reports from Korla, Xinjiang Uygur autonomous region.

China's central bank today cut cash reserve requirements for financial institutions by 1 percentage point to free 1.3 trillion yuan, easing liquidity pressures.

China's big three telecom carriers are forecast to spend 900 billion to 1.5 trillion yuan (4 billion to 3 billion) in total on 5G network construction from 2020 to 2025, according to a report from the China Academy of Information and Communications Technology. In comparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.

China's 43.8 trillion-yuan third-party payment market is dominated by Alipay's 53.7 percent and WeChat Pay's 38.8 percent, according to market consultancy Analysys in December.

China will eliminate or delegate to lower-level authorities more items that require government approval, and implement nationwide reform of the review process over construction projects, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.