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China invested 449.6 billion yuan (.4 billion) in rail fixed assets in the first eight months of 2019,NDRC data showed.

China is expected to account for at least one-third of the global 5G users by 2025, Zhao Dachun, vice-general manager of a major telecom operator, China Mobile, said during a parallel forum of the third China Enterprise Reform and Development Forum on Nov 3.

China has thousands of SOEs and more than 100 are directly administered by the central authority. These enterprises are the backbone of the economy, but their monopolies in many areas, unchecked spending and inefficiency are often the source of public complaints.

China is GM's largest sales market overseas. GM plans to launch 18 new or significantly modified vehicles in China this year, half of which are SUVs and multi-purpose vehicles.

China has reduced the number of rural Chinese living below the poverty line from nearly 99 million in late 2012 to 16.6 million by the end of last year, officials said. It has set a goal of lifting all impoverished rural Chinese from poverty by 2020.