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China will endeavor to promote a wide-ranging transformation of production and people's lifestyles to ensure a fundamental improvement in environmental quality by 2035, according to the communique of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China on Thursday.

China will pour more investment into countries and regions related to the Belt and Road Initiative to boost international cooperation in production capacity, a senior official with the nation's top economic planning body said on Friday.

China's GDP rose 6.9 percent year-on-year in the second quarter, unchanged from the previous quarter, official data showed. The growth beat a market consensus of 6.8 percent and was well above the government's full-year target of "around 6.5 percent".

China's central bank will start to hike the rates on its lending facilities in 2021 and modest policy rate hikes would largely just be formalizing a shift in monetary conditions which has already happened, said the note.

China's State Grid and oil giant Sinopec Corp were second and third, with revenue reaching 5 billion and 8 billion, respectively, in 2016.