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China and Britain recognize the huge benefits of an open world economy, and oppose trade and investment protectionism, and reaffirm their support for the World Trade Organization (WTO) as the central pillar of a multilateral trading system.

China aims to reduce logistics costs by nearly 121 billion yuan (.8 billion) this year, the Ministry of Transport announced on Thursday at a news conference of the State Council Information Office.

China National Petroleum Corporation, China's largest oil producer and supplier, says its net profit is 16 times higher than expected during the first half of 2017, reaching nine billion (.33 billion) to 11 billion yuan.

China Unicom Guizhou and Guizhou-based company Hankaisi Intelligent Technology Co are testing 5G-based remote-control vehicles in Guiyang National High-tech Industrial Development Zone. The autonomous vehicles can follow remote instructions such as moving on, speeding up, braking and turning. In emergencies, the safety manager in the car takes control in 5 milliseconds.

China adopted a new package of supportive policies to facilitate development of small and medium-sized enterprises, focusing on leveraging monetary tools and encouraging qualified firms to go public, according to a document jointly issued by a group of central ministries and departments on Friday.