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China will step up the building of its social credit system by rolling out new market regulatory measures, the State Council announced after the latest executive meeting chaired by Premier Li Keqiang.

China's 5G mobile phone shipments stood at 15.64 million units in May, accounting for 46.3 percent of total shipments in the market. During the same time, 16 new 5G models were released, half of the total new models in May.

China will launch the crude oil futures contract at 9 am on March 26 at the Shanghai International Energy Exchange.

China's announcement that it will investigate imports of sorghum - a type of grain feedstock - from the United States has sparked concerns from an organization representing sorghum farmers.

China's anti-corruption campaign has meant that whisky sales in the country have had a bumpy ride in recent years. The export volume of all types of 70cl bottles of Scotch to China in 2012 peaked at 22.94 million, but fell to 14.74 million in 2017.