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China Mobile posted operation revenue of 391.8 billion yuan (.27 billion) in the first half of the year, up 2.9 percent on a yearly basis. The company earned net profits of 6.56 billion yuan, an increase of 4.7 percent year-on-year, equal to 360 million yuan of income per day, according to company statistics.

China United Network Communications Group Co Ltd, the country's second-largest telecom carrier, said on Thursday that it will finalize large-scale commercialization of 5G by 2020, as the country's major telecom carriers accelerated steps on commercialization of the fifth-generation mobile communication technology.

China also showed strong recovery in domestic demand, and retail sales growth turned positive for the first time this year in the third quarter at 0.9 percent year-on-year.

China Unicom, the country's second-largest telecom carrier, said it plans to conduct 5G tests in seven areas, including Beijing, Shanghai, Tianjin and Xiongan.

China Orient plans to allocate 125 billion yuan in risk assets this year, all of which will be used to handle NPAs, he said.