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China Telecom Corp Ltd said on Wednesday its net profit was 18.6 billion yuan in 2017, a 3.3 percent rise compared with the previous year. Its revenue rose 3.9 percent to 366.2 billion yuan, with 4G mobile subscriber numbers growing to 182 million.

China adheres to the Confucian philosophy that "harmony is the most valuable of all things. Lead by moral authority, not force. Keep your own house in order, and others will follow your example." This model has made the country more influential because of its flourishing economy, diplomacy and cultural ties around the world.

China and EU are in face of historic opportunities.

China Unicom announced last month that its Shanghai-listed unit, China United Network Communications Ltd, would be used as the platform for mixed ownership reform, instead of its Hong Kong-listed unit.

China announced on June 16 that it would levy an additional 25 percent tariff on 659 goods worth billion from the US, including agricultural products such as soybeans, pork, beef and certain kinds of vegetables and fruits in response to US plans to impose tariffs on billion in Chinese goods.