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CHENGDU -- Southwest China's Sichuan Province had built 32,681 5G base stations by July, with a total investment of 11.32 billion yuan (about .65 billion), according to a report on 5G development in Sichuan released on Friday.

California exported .5 million worth of cotton to China and Hong Kong in 2016. For the 2017-18 crop year, that value has jumped to about 5 million due to increased shipments, said Jarral Neeper, president of Calcot, which markets cotton from California, Arizona, New Mexico and Texas.

Cai Qian, deputy head of corporate banking at the Industrial and Commercial Bank of China Ltd, was quoted by media reports as saying that the new regulations are focused on the prevention of systemic risks and the need to better serve the real economy.

CSRC has also released amended rules on initial public offerings (IPO) and a package of measures to support innovative firms in their domestic issuance of stocks or CDRs.

CNPC vows to ramp up its efforts in the exploration of shale oil and prioritize shale oil-related exploration at the Bohai Bay Basin, Songliao Basin, Ordos Basin and Junggar Basin to further ensure national energy security and reduce reliance on oil import.