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-based Baosteel Group and Wuhan Iron & Steel Group in Central China's Hubei province in December 2016, is the nation's most competitive steel-maker, whose output totaled 95.46 million tons last year.

China and the EU should overcome the difficulties, focus more on the positive factors and join hands to fight protectionism, he said, adding the two sides have disagreements in some areas including the identification of China's status as a market-oriented economy.

China Mobile, the nation's largest telecom operator, for instance, has announced plans to help companies build dedicated 5G networks to accelerate digital transformation.

China aims to eliminate absolute poverty domestically by the end of next year. Removing the poverty label – which requires a dramatic decline in the poverty rate – is considered a crucial step to accomplish the zero-poverty goal.

China Unicom posted a 232 percent jump in net profit to hit 2.6 billion yuan, the highest of the three in terms of profit growth.