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By the end of this year, there will be more than 3 million 5G users in China, Wang said. The numbers will mark a significant rise from the data in late November when the country had only 870,000 5G mobile subscribers.

CHANGCHUN - FAW Jiefang, a truck subsidiary of China's leading automaker FAW Group, reported sales of 44,000 middle and heavy trucks in March, up 20 percent year-on-year and breaking a monthly sales record in the category.

By the end of last year, according to research by Herbert Poenisch, a former senior economist at the Bank for International Settlements, China's M2 outstanding reached 300 percent of GDP, compared with 75 percent in the US and nearly 100 percent in the eurozone even after years of quantitative easing.

CECEP currently has over 500 subsidiaries and a global market presence in 110 countries and regions.

CHANGCHUN - Volkswagen Group China and its joint-venture partners will invest 15 billion euros (about .3 billion) in developing new energy vehicles and automated driving by 2020.