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China Unicom will independently build 5G networks in 9 cities in Guangdong province, five cities in Zhejiang province and eight northern regions, including Hebei, Henan, Heilongjiang, Jilin, Liaoning, Shandong, Shanxi and the Inner Mongolia autonomous region. China Telecom, meanwhile, will build 5G networks in 10 cities of Guangdong province, five cities in Zhejiang province and 17 southern provinces.

China Unicom's presence in South Africa, together with its 29 global subsidiaries in the Asia-Pacific region, the Americas, Europe and Australia, will work closely to provide reliable end-to-end global integrated services and solutions, including global connectivity services, internet access, ICT services, cloud, internet of things, video conferencing, unified communications, content and security services, and premium voice and mobility services for both local and global customers.

China and Russia will each take half of the work, and send design staff for exchange visits on a non-scheduled basis, according to COMAC.

China National Petroleum Corp (CNPC), one of China's top three oil giants, said on Thursday it will sell most of its oil and gas pipelines and storage facilities to China Oil and Gas Pipeline Network Corp for 268.7 billion yuan (.36 billion) and hold a 29.9-percent stake in the latter. The sale, however, excludes the assets of Kunlun Energy, in which CNPC has a 54.4-percent stake.

China CITIC Bank was established in 1987 and completed the duo-listing of A+H shares on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in April 2007. It has now grown into a comprehensive financial group with a total asset volume of more than 6.2 trillion yuan (￡712 billion), and with more than 600,000 corporate clients and more than 88 million retail customers.The bank's wide-ranging business operations include corporate finance, retail finance, and market finance.