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China will further cut restrictions on foreign investment and address challenges facing foreign companies investing in its market this year, the country’s top commerce official said.

China's Navy is holding a 10-day joint naval exercise with Thailand and Malaysia, which began on Saturday, called Peace and Friendship-2018, in waters off Port Dickson and Port Klang, Malaysia. It is the second time since 2015 that the PLA Navy holds drills in the Strait of Malacca, one of the busiest shipping waterways linking the Pacific and Indian oceans.

China will see large-scale construction of 5G networks next year, with more interesting applications of the superfast technology rapidly emerging and more than 3 million consumers signing up for 5G mobile data packages by the end of this year, experts said on Thursday.

China's Huawei Technologies, for example, will display 5G empowerment in sectors such as port and mine management, iron and steel production and power generation, said Yang Jun, deputy director of the provincial science and technology department.

China's advanced internet, telecommunication and transportation infrastructure are creating a new generation of travelers, and their demand is driving new trends that should be utilized by the global travel industry, US travel media outlet Skift reported.