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China added 970,000 kilowatts of biomass energy capacity during the first quarter, bringing the total installed capacity to 18.78 million kilowatts.

China and Russia need to continue to give play to the guiding role of high-level exchanges in the development of bilateral ties, fully implement the consensus reached by the two heads of state, and synergize the Belt and Road Initiative and the Eurasia Economic Union, Xi said.

China Telecom also said in a statement that the 5G licensing will be a key step to build the country into a cyber power. It is also conducive to gaining a competitive edge in the telecom sector, which will help drive technological innovation, embrace industrial upgrading as well as boost high-quality economic growth, the company said.

China and the US have borne more and more costs of the protracted trade frictions, with pressure on both sides to come to a deal that could prevent more damage to the two economies, Hu added.

China Life Insurance Co Ltd, the country's largest life insurer by market share, will invest actively in international markets, seeking greater exposure to assets including overseas stock markets, real estate and infrastructure projects, a senior executive said on Thursday.