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China Unicom can formulate its own non-public offering of shares plan in accordance with the old rules of the refinancing system that were not revised until Feb 17 this year, CSRC said.

China and another 27 countries have jointly adopted the Guiding Principles on Financing the Development of the Belt and Road, which highlights the need to ensure debt sustainability in project financing. In case our cooperation partners face difficulties in servicing debts, China will properly address this issue through friendly consultation, and will never press them for debt payment. As a matter of fact, no country has got trapped in a debt crisis since its participation in the BRI. On the contrary, it is through participating in BRI cooperation that many countries have got out of the trap of "no development".

China and EU?jointly preserve multilateralism

China Mobile Communications Corp, the world's biggest telecom carrier by subscribers, said in May that it would step up efforts to build key cross-border optical fiber cable projects to link China with neighboring countries, including Myanmar, Nepal, Pakistan and Kyrgyzstan.

China Mobile, the nation's largest telecom carrier, said on Thursday that it will invest 100 billion yuan (.2 billion) into 5G network construction this year.