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China Telecom Bestpay, a wholly owned subsidiary of China Telecom Corp committed to mobile payment, announced Thursday plans to invest 10 billion yuan (.5 billion) in resources to boost its presence in the fast-growing market.

China and Japan inked deals for 13 health industry projects totaling 50 billion yuan (.1 billion) in the coastal city of Tianjin on Tuesday. [Photo provided to China Daily]

China and New Zealand should jointly promote multilateralism, safeguard global free trade and investment and build an open world economy, State Councilor and Foreign Minister Wang Yi said Friday.

China Chengtong has also been actively participating in the debt-for-equity programs of some debt-laden SOEs and has been investing in SOEs' initial public offerings as a strategic cornerstone investor.

China and Laos are both important members of the Lancang-Mekong Cooperation (LMC) framework. The LMC has achieved fruitful results since its inception in 2016. It has demonstrated a Lancang-Mekong speed and efficiency, and fostered a Lancang-Mekong culture of equality, sincerity, mutual assistance and affinity. Laos will be the LMC Co-Chair next year. China will work with Laos to facilitate more cooperation outcomes, implement the early-harvest projects proposed by Laos, promote sub-regional development and bring more benefits to countries and peoples in the region.