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China announced at the start of this year that it would cut the reserve requirement ratio, or the amount of cash banks must keep in reserve, to free up about 800 billion yuan (5 billion) for funds to potentially boost infrastructure and other sectors and help stabilize the economy.

China Mobile, China Unicom and China Telecom disclosed earlier in March they would invest about 180 billion yuan in total into 5G this year. They will build about 550,000 units of 5G base stations this year.

China Mobile, with 13 terrestrial and submarine cables connecting Asia, Europe, Africa, and the United States, uses its London office as a bridge that deals with a whole host of carriers in the UK and Europe, including BT, Vodafone, AT&T, Belgium Telecom and Orange.

China Eastern said it has started to adjust the prices of the first batch of five flights, including the flights between Harbin and Xi'an, and Chengdu and Taiyuan. China Southern said it will adjust the prices for more than 50 flights, accounting for 30 percent of its domestic capacity.

China and Singapore signed a memorandum of understanding last year to develop the New International Land-Sea Trade Corridor, which brings China and ASEAN together. Another highlight in Sino-Singapore relations was that the Sino-Singapore Guangzhou Knowledge City (SSGKC) was upgraded and will act as a pivotal platform for the city's reform and opening-up.