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China Telecom stressed that it would strictly abide by local laws and regulations amid the increasingly open, transparent and fair telecommunications regulatory environment created by the Philippine government, and it would work closely with local partners based on the principle of mutual benefit.

China Merchants Securities Co said in a research note that it expects Apple to sell some 60 million to 70 million smartphones in the fourth quarter of 2018 and 38 million to 45 million in the first quarter of 2019, lower than previously forecast.

China also finished building a 2,000-kilometer land-based quantum link between Beijing and Shanghai last year. The link is the longest in the world and runs through Jinan and Hefei, Anhui province.

China accelerated individual tax reform in October, when new tax brackets were introduced. The minimum threshold for individual income tax was raised from 3,500 yuan (9) to 5,000 yuan per month.

China Securities Journal reported the above provinces and autonomous regions have all applied to build pilot free trade zones. Shandong put forth a proposal in 2016, including the plan in this year's provincial government work report. Jiangsu submitted its first application to build a pilot FTZ in September 2013. Hebei proposed to build the China Hebei Pilot Free Trade Zone during its construction of Xiongan New Area in April 2018.