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China has started the initial work on 6G technologies and commenced effective deployment of 5G technologies in the country by enabling two or more telecom operators to use a single base station for providing multiple services, the Ministry of Industry and Information Technology said on Thursday.

China is famous for its delicate silk, with the silkworms in South China's Zhejiang and Jiangsu provinces being best known. In the south, farmers usually pick mulberry leaves to feed silkworms at home in bamboo baskets.

China is also willing to work with other countries to safeguard free trade and push for "positive and practical" results at the G20 Leaders' Summit in Buenos Aires, Gao Feng, the ministry spokesman, said at a news briefing.

China has taken a major step to integrate its bond markets by launching a connect program, a move that will improve market efficiency and facilitate foreign investment, experts said on Monday.

China is ramping up the efforts to further open up its financial sector in a steady manner. The China Banking and Insurance Regulatory Commission announced on Sunday it had granted approval to the Munich-headquartered Allianz SE regarding its application to commence operational preparations for Allianz (China) Insurance Holding Co Ltd, the first foreign-funded insurance holding company in China.