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Comparing mobile phone service in the US versus China tells us a lot about the relative efficiency of nearly monopolistic private companies compared to SOEs. Both the US and China have three large phone service companies－AT&T, Verizon Wireless and Tmobile/Sprint in the US and China Mobile, China Telecom and China Unicom in China.

Compared with the United States, the report showed that last year the C++ program language and Matlab topped the rankings in areas related to the need for more talent in autonomous driving in China, but the increase in the talent supply in these areas was obviously lagging behind.

Companies guilty of other violations including excessive emissions and falsifying monitoring data will also face similar penalties of closure and heavy fines, the guideline added.

Co-organized by China's Hong Kong Special Administrative Region (SAR) government and the Hong Kong Trade Development Council, the two-day meeting gathered more than 80 government officials and business leaders from China and other countries along the the Belt and Road to share the latest developments related to the initiative.

Companies are ranked based on overall turnover, putting Yili in ninth place, with turnover reaching 68.06 billion yuan (.95 billion) in 2017, representing a 12.29 percent increase from a year earlier.