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China issued four 5G licenses on June 6, which officially kicked off the 5G era. Major telecom carriers and device makers are all making their biggest push to apply and commercialize the technology.

China produced 15.4 billion cubic meters of shale gas last year, 41.4 percent more than the previous year, mostly from the Sichuan basin and its surrounding areas. The country's proven shale gas reserves rose by 513.1 percent on a yearly basis in 2019, to exceed 764.4 billion cubic meters. Newly added technical reserves exceeded 183.8 billion cubic meters, according to a report from the Ministry of Natural Resources.

China set a goal of reducing steel capacity by 50 million metric tons in 2017, and will continue its drive in 2018, according to the National Development and Reform Commission, the country's top economic regulator.

China will also cancel restrictions that demanded multinational companies cooperate with only a limited number of banks, the document shows.

China spent 801 billion yuan (3 billion) on railway projects and put 3,038 km of new tracks into operation in 2017, meeting its annual targets of 800 billion yuan of investment and 2,100 km of new lines, according to the China Railway Corporation.