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Central government-controlled enterprises give full play to their own advantages, ramp up efforts to expand their market share and increase the added value of products, with a goal to further enhance profitability and improve shareholder returns, SASAC said in the statement.

Castro added that the law reflects the actual circumstances, historical changes and is a text that will lead the country to achieve a prosperous, inclusive and participatory socialism.

Chang believes competition is good for the whole industry and he hopes C919's manufacturer, the Commercial Aircraft Corporation of China (Comac), to become a successful aircraft manufacturer.

Cases in the Midwest set a new record on Saturday and the number of hospitalized COVID-19 patients in that region hit an all-time high for the ninth day in a row.

Cao Lei, director of China E-Commerce Research Center, said property developers are facing great pressure to cut inventories as the government has maintained tight regulations to curb speculation in the property market.