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China Life Insurance Co Ltd has gained a net profit of approximately 16.42 billion yuan (.39 billion) in the first half of 2018, a 34 percent year-on-year increase, according to the company's statement on Friday.

China Southern Airlines will build a 1.08 million-square-meter base at the new airport for its 20,000-plus employees. The airline will operate 250 planes at the new airport by 2025.

China also plans to raise the portion of its renewable and non-fossil fuel power consumption to 15 percent of total energy by 2020, according to the 13th Five-Year Plan.

China State Shipbuilding Corp, the world's largest shipbuilder, on Wednesday inked a 20 billion yuan (.8 billion) deal to supply liquefied natural gas tankers to Qatar Petroleum, the world's largest LNG supplier, the biggest export deal in China's shipbuilding sector.

China Craftsmanship is a startup that employs more than 8,000 embroidery workers from rural areas in China. The seamstresses, who use traditional techniques passed down through generations, create modern fashion items that are sold in high-end arts and crafts shops. The company wishes to partner with international fashion brands and bring the business model to other countries.