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China Railway Corp, the country's railway service provider, also said it will accelerate shareholding reform this year and implement a three-year work plan for mixed-ownership reform, including introducing strategic collaborators, pushing the establishment and operation of railway debt-to-equity funds, and promoting market-oriented debt-to-equity swaps in an orderly manner via ownership transfer, capital increase and stock expansion.

China Mobile provides customers the largest discount at 31 percent, and the discounts provided by China Telecom and China Unicom are 30 and 20 percent, respectively.

China aims to add over 9 million new urban jobs in 2020, and keep the surveyed urban unemployment rate at around 6 percent.

China announced on Friday that the 25 percent additional tariff on US made cars and trucks will be suspended for 90 days, effective on Jan 1, 2019.

China Communications 2nd Navigational Bureau, a subsidiary of Beijing-headquartered China Communications Construction Co, restarted road construction work last Friday in the southern Huangpi district of Wuhan under a public-private partnership (PPP) business model.