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China Mobile has more than 130 million subscribers of 5G service packages, and the number of connected 5G terminals has exceeded 90 million.

China Huarong admitted that it had adopted a relatively aggressive business model in recent years, which led to much higher growth than the industry average, but the business model became difficult to sustain.

China also has expanded its three main social health insurance programs to cover more than 95 percent of its population, while health expenditure paid by individuals dropped to 29 percent of the total health expenditure in 2017, and is estimated to be of about 25 percent in 2030.

China announced on Friday compensatory tariffs on 128 US products, including wine, fruit, steel and pork targeting approximately billion worth of imports from the US.

China Eastern pre-ordered 20 C919s from the aircraft maker Commercial Aircraft Corp of China Ltd in 2010, and according to the purchase agreement, negotiations for the ordering of the first five planes will be launched within a year of the C919's maiden flight.