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China Mobile said the decline in operating revenues followed the scrapping of roaming fees, a nationwide move that started from July this year. The company said it also faced tremendous challenges from rising market competition and rapid declines in data values.

China Poly's operating revenue exceeded 300 billion yuan (.58 billion) in 2018, while its total profit amounted to 40 billion yuan. The group's total assets exceeded 1 trillion yuan by the end of last year, ranking 312th among the Fortune 500.

China and the United States have made plans for face-to-face trade talks in January in addition to maintaining intensive telephone consultations, the Ministry of Commerce said on Thursday.

China Galaxy Asset Management will become the fifth authorized national State-owned asset management company after the country set up four national AMCs to deal with distressed assets of large State-owned banks in 1999.

China Mobile also reported decreasing net profit growth while the other two managed to increase their profits.