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China Eastern will issue 7.46 billion yuan (.049 billion) worth of directional shares for entities under Juneyao Group to purchase and listed Juneyao Airlines will issue 2.1 billion yuan shares for China Eastern to invest, said a China Eastern Airlines statement on Tuesday.

China aims to put in place more sound systems and mechanisms for promoting integrated urban-rural development by 2035. The urban-rural gap in development and living standards will be remarkably reduced.

China Railway submitted a detailed plan, including high-speed train designs, terminus station construction blueprints, noise and vibration data, and tender documents for various construction periods, to transportation authorities in Singapore and Malaysia earlier this year.

China Mingsheng Drawin Technology Group Ltd, a Hong Kong-based investment holding company and a high-tech manufacturing enterprise, launched its first housing project in Gauteng province of South Africa last month.

China Mobile's move is part of broad efforts by the nation to evolve from being a follower in the 3G era to an active participant that seeks to outcompete foreign firms in the 5G era.