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China Telecommunications Corp, the country's third-largest operator by mobile subscribers, announced it will officially launch 5G commercial services in September, marking an accelerated push in 5G application. The expected plan was to commercialize the technology in October this year.

China also is accelerating revisions on the catalog for guidance on industries for foreign investment and a catalog of industries advantageous for foreign investment in central and western China. Both will further encourage foreign investment, he said.

China and the US need to work jointly for a global economic order that works more effectively for the interests of both and the world, a former undersecretary of state in the Obama administration said at a forum on Tuesday at the Yale Club hosted by Chinese media group YiCai in New York.

China and Russia have maintained close cooperation in mainstream media in the past year, a senior Chinese official said during the Third China-Russia Media Forum on Tuesday in Moscow.

China added a total of .12 billion of non-financial ODI into countries participating in the Belt and Road Initiative, up 19.4 percent year on year. Investment in member states of the Association of Southeast Asian Nations (ASEAN) also saw stellar growth of 53.1 percent to .23 billion.