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China First Heavy Industries Co, one of centrally-administrated SOEs which supplies technical equipment, high-tech products and services to a number of industries such as steel, non-ferrous, electric power, energy and automobiles, encountered financial losses in 2016, saw its net profit jump 165 percent year-on-year in 2018, after steadily deepened supply-side structural reform and adjustment of its operation mode.

China and the EU should strengthen cooperation in the research, development and production of vaccines, drugs and testing reagents, and jointly support the active role of the World Health Organization, the Global Alliance for Vaccines and Immunization and other international agencies. China speaks highly of the EU's launch of a large-scale recovery fund and stands ready to speed up the construction of a "fast track" for people-to-people exchanges and a "green track" for the exchange of goods to boost the EU's economic recovery.

China and Kiribati established diplomatic relations in 1980. This relationship, however, was disrupted in 2003 after the Pacific island country established "diplomatic ties" with Taiwan authorities.

China Merchants Group and other China-based investors will provide 40 billion yuan for the fund, which will be invested in Chinese technology companies and startups. Centricus and SPF Group will form a joint venture charged with raising the additional 60 billion yuan from governments, institutions and companies around the world, and will target global tech firms for investment and acquisition.

China Merchants Securities, an investment firm, expects more than 1 trillion yuan (0 billion) of capital to flow into the A-share market next year, with consumption, technology and the recovered cyclical industries being the promising investment opportunities.