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China will develop next-generation information networks and expand 5G applications, as well as build more new energy vehicle charging facilities and promote wider use of new energy automobiles, said the report.

China's A-share market is expected to embrace an overseas investment totaling in a range between billion and 5 billion this year, while its corporate bonds will see an inflow of 0 billion to 0 billion by 2030, said Morgan Stanley's report.

China's Consul-General in San Francisco Wang Donghua said he believed the number of Chinese people who understand or know of the US outweigh those who understand China.

China will increase imports and cut import tariffs on some products to promote balanced trade, according to the Central Economic Work Conference.

China's biggest online marketplace for long-haul deliveries is in advanced negotiations with new and existing backers, including SoftBank Group Corp and Tencent Holdings Ltd, on a funding round that could hike its valuation by as much as 40 percent to billion, the people said, requesting not to be named discussing private deals.