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China Unicom inked a deal with the Beijing 2022 Winter Olympics organizer in Beijing on Dec 26, 2017. [Photo provided to chinadaily.com.cn]
China Mobile also plans to set up a 30 billion yuan fund to promote industrywide cooperation on 5G. China Mobile and other companies will jointly contribute to the fund, the first phase of which will be 10 billion yuan.
China Huarong's profit attributable to equity holders decreased by 94.9 percent year-on-year to 684.6 million yuan (.74 million) for the six months ended June 30. The company's annualized return on average equity attributable to equity holders dropped from 22.6 percent year-on-year to 1.11 percent in the period. Its annualized return on average assets also dropped from 2.1 percent to 0.12 percent, according to its 2018 interim results announcement.
China Railway Rolling Stock Corp, the country's largest rolling stock manufacturer by production volume, is also developing wheel technology-based high-speed trains.
China Life will also actively invest in projects related with the reform of country's State-owned enterprises including debt-for-equity swaps to help reduce the debt burden of the SOEs, according to Zhao.
来源：资阳报