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China's homegrown BeiDou Navigation Satellite System, which is currently used for weather and earthquake forecasts, land surveys and mapping as well as for navigation of taxis, buses and trucks, has found a new home in the bike-sharing sector as companies are using the technology for better operations and user experiences.

China's natural gas industry is facing strategic opportunities, said the report. From the international perspective, natural gas accounts for 23 percent of the world's energy consumption, and it still has growth potential in the future.

China's investment in 5G technology is expected to exceed one trillion yuan (5 billion) in the next five years, driving the total economic output to more than 10 trillion yuan, People's Daily reported on Wednesday.

China's job opportunities developed in an unbalanced way over time, with western areas lagging behind. But the initiative has raised hopes of changing the employment environment in those areas, said Li Qiang, a senior vocational counselor at Zhaopin.

China's financial regulator on Friday suspended the approval of new online microloan firms as well as new cross-province micro-lending business to clean up the rapidly growing but highly unregulated industry.