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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 deepen institutional reform in the financial sector and improve its financial regulatory system to defuse financial risks, they said.

China will continue to work with countries involved in the Belt and Road Initiative to combat desertification through more training courses and projects, Zhang Jianlong, head of the National Forestry and Grassland Administration, said on Monday.

China will create a fair, open and transparent mechanism for foreign investment in the banking sector and keep the system stable and consistent, according to the statement.

China will strengthen fintech regulation, the plan said, and build a fundamental and unified regulatory system. The authorities will accelerate drafting and assessment work for fintech regulations.