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China Mobile, the world's largest telecom carrier by subscribers, will hand out 2 billion yuan (3 million) as subsidies to internet of things (IoT) device makers, as part of its broad push to build one of the world's largest IoT networks.

China also played a crucial role in the negotiations of the most recent HCCH convention－the Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters. This convention closes a most significant gap in the area of global private international law and will be crucial to international trade, commerce and investment, since it facilitates the circulation of civil and commercial judgments internationally.

China and the EU should step up dialogue and cooperation on climate change, biodiversity and sustainable development and work together to overcome global challenges. The two sides should also work together to uphold the Iranian nuclear agreement, promote political settlement of international and regional hotspot issues, strengthen trilateral cooperation with Africa, and make greater contributions to building a more sustainable and safer world.

China Telecom said it will work along with key smartphone vendors to unveil 5G handsets priced under 2,000 yuan in the first half of next year.

China Mobile established its 5G joint innovation center in 2016 and built 22 open laboratories and five industry alliances to boost innovation capability of the industry. The company launched China's first 5G Multimedia Innovation Alliance (5MII) in 2017, covering whole industrial chain links of digital media such as content production, transfer, distribution, and consumption.