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"By the end of last year, total assets of central SOEs amounted to 54.5 trillion yuan (.23 trillion), and their average debt ratio was 66.3 percent, down 0.4 percent on a yearly basis," he said.

"But we have never received any additional or special treatment," Huawei said, "Our working capital primarily comes from our own business operations and external financing, rather than government subsidies. Over the past 10 years, 90 percent of our working capital has come from our business operations. Huawei's external financing follows all market rules, and our cost of debt aligns with market standards."

"China has lodged representations to India, asking the country to immediately stop flying unmanned air vehicles near the border and to work together with China to maintain the border area's peace and tranquility," Foreign Ministry spokesman Geng Shuang told a daily press conference in Beijing.

"Capable shipyards have already shifted a part of their business to maritime economy and other fast-growing businesses such as new materials, mechanical and electrical equipment, because, apart from higher profits, there is also less competition as not many shipbuilders are able to produce these sophisticated products," said Li.

"China is now the second-largest market of Emerson," said Hakan Erdamar, president of Emerson commercial and residential solutions in Asia, Middle East and Africa. He said the planned research center will become a vital part of the company's strategy of "in China, for China".