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China Life's net profit slumped by 64.7 percent to 11.4 billion yuan last year — mainly dragged down by the sluggish stock market — but its overall premium income rose 4.7 percent to 535.8 billion yuan and its market share rose by 0.7 percentage points to 20.4 percent, according to its annual report.

China Media Group on Monday donated advertising time worth 500 million yuan (.6 million) to novel coronavirus-ravaged Hubei province in an attempt to promote local products and services.

China Eastern reported sales revenue of 101.7 billion yuan (.2 billion) in 2017, up 3.21 percent year-on-year. During the same period, its net profit reached 6.35 billion yuan, surging 40.91 percent, according to its latest earnings report.

China National Petroleum Corp (CNPC), the country's largest oil and gas company, reported a year-on-year increase of 1.4 percent in crude oil production during the first half of 2019, having recorded four years of declining output.

China Mobile said it would deploy 10,000 5G base stations by 2020.