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China already had a regulation on collecting a "pollutant discharge fee". But some local governments exploited loopholes and exempted enterprises that are big contributors to revenue. For years, regulators suggested replacing the fee system with a law to better regulate the companies and governments.

China Huarong Asset Management Co Ltd, the country's biggest distressed debt manager, is accelerating the process of listing on the A-share market, hoping to use the proceeds from the share offering to expand its core business, its chairman said on Thursday.

China and Singapore signed a memorandum of understanding last year to develop the New International Land-Sea Trade Corridor, which brings China and ASEAN together. Another highlight in Sino-Singapore relations was that the Sino-Singapore Guangzhou Knowledge City (SSGKC) was upgraded and will act as a pivotal platform for the city's reform and opening-up.

China National Offshore Oil Corp has been working on shoring up operations to ensure oil and gas security for domestic companies that have been resuming production to ease the impact of the novel coronavirus outbreak and maintain economic stability.

China Mobile, the nation's largest mobile carrier, said on Friday that it aims to attract 70 million 5G subscribers, and sell 100 million 5G smartphones next year.