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China launched the crude oil futures trading, which is open to overseas investment, in March 2018.

China stands ready to maintain high-level exchanges and develop greater synergy between the China-proposed Belt and Road Initiative and Brunei's "Vision 2035," expand sectors of cooperation, advance maritime cooperation and help Brunei with economic diversification, he noted.

China plans to fully commercialize 5G in 2020. ZTE said it is trying to realize the commercial Pre5G deployment in 2018 and realize the official commercial deployment as of 2019.

China was also financing the expansion of Hwange Power Station that will add another 600 MW into the national grid when completed in 2022.

China on Friday unveiled a new guideline designed to support private enterprise reform and development, as well as transformation and upgrading.