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China is expected to have 576 million 5G users by 2025, or more than 40 percent of global consumption, according to a report released by global consultancy EY.A report by the China Academy of Information and Communication Technology also forecast that 5G will drive 6.3 trillion yuan of economic output in the nation by 2030.

China is currently implementing a reform plan for the country's oil and gas industry, eyeing improved efficiency and competitiveness by giving the market a decisive role in the sector, including allowing private companies to take part in upstream oil-gas exploitation, encouraging midstream pipeline owners to split gas sales from pipeline business for more efficient allocation of resources.

China is cutting the number of products whose manufacture requires official licensing, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.

China is confident it will achieve its annual goal for grain production capacity despite the difficulties and problems posed by the novel coronavirus outbreak on spring farming, the Ministry of Agriculture and Rural Affairs said on Thursday.

China has witnessed rapid economic development over the past three decades. Yet it has come at a price, as industrial activity has degraded air, water and soil quality nationwide. In key areas, such as the Beijing-Tianjin-Hebei cluster, smog has become a major headache for residents and local authorities.