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China Mobile, the country's largest telecom carrier, is set to release its first batch of 5G mobile phones in the first half of the year, said Jian Qin, vice-president of the company at a convention yesterday, wallstreetcn.com reported.

China and Russia will hold their second joint computer-assisted anti-missile drill next month, a move experts said could counteract the missile interceptor system installed by the United States and the Republic of Korea on the Korean Peninsula.

China accounts for more than one-third of global art sales at auction, said UNCTAD. Its film production is set to soar, and it contributes a significant portion to global trade of design products such as furniture, fashion, and jewelry.

China Daily has reached out to both Jingye and British Steel for comment on the aid package, as of press time no details were revealed.

China also needs to foster more quality companies to be listed on its bourses, and listed companies shall not be encouraged to have many connected parties. Professionals like accountants, analysts and lawyers will play an increasingly important role on China's capital market, said Huang.