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China Telecom, a leading mobile operator in China, reported its net profit for the first half of 2020 has hit 13.95 billion yuan (.01 billion), increasing 0.3 percent from a year earlier, according to the company's financial announcement released Tuesday.
China adopted a market-oriented economy and established special economic zones along its coastal areas, which has successfully attracted foreign investment to boost the economy in the country's east, he said.

China Mobile launched its first self-built data center outside the Chinese mainland in Hong Kong. It currently has 15 data centers across the world.
China Huarong Asset Management Co Ltd has announced the withdrawal of its A share IPO application, citing a significant decline in financial performance in the first half and uncertainty surrounding disciplinary investigations relating to its former chairman.
China International Capital Corp's fixed income team said China's central bank had followed the Fed with an interest-rate increase in the past two Fed hikes mainly for maintaining the stability of the interest rate margin between the two markets, and to maintain stability of the exchange rate of the yuan against other currencies.
来源:资阳报