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China and New Zealand have concluded a deal to upgrade their bilateral free trade agreement after three years of negotiation between the two countries.

China Daily app won an award for its discretion regarding user data on Friday, a relief to concerns at a time when user data has become increasingly valuable yet vulnerable to breaches and manipulation.

China Life's net profit slumped by 64.7 percent to 11.4 billion yuan last year — mainly dragged down by the sluggish stock market — but its overall premium income rose 4.7 percent to 535.8 billion yuan and its market share rose by 0.7 percentage points to 20.4 percent, according to its annual report.

China and Spain have historic and geographic advantages to enhance Belt and Road cooperation, Xi said, adding that the initiative should be connected with Spain's development strategies.

China Telecom said it would establish a gigabit optical network in the new area, fully covering e-Surfing 4G and Narrow Band Internet of Things, or NB-IoT. The company also plans to build a 5G trial network in advance, as well as cloud–network integration layout.