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China Mobile Communications Corp will launch fifth-generation devices in the first half of next year, a top executive confirmed on Thursday.

China Development Bank is expected to increase support for key projects in the demonstration areas in credit access, industrial investment funds and corporate bonds, he said.

China and the EU should respect each other’s social system, Wang said, adding that the two sides are not systemic rivals, their consensus exceeds differences and cooperation outweighs competition.

China Petroleum & Chemical Corp, also known as Sinopec, the world's largest refiner, believes that by deepening cooperation with countries and regions taking part in the Belt and Road Initiative, it can reshape the petroleum and petrochemical industry.

China Mobile, China Unicom and China Telecom are expected to have more than 550,000 new, operational 5G base stations across the nation this year.