In the January-March period, Lenovo reported a 69 percent drop in net profit to million from 7 million a year earlier, with higher operating expenses, according to the financial report.
In the first seven months of this year, central SOEs registered profits of 846.9 billion yuan (7 billion), up by 16.4 percent year-on-year, compared with a 3.7 percent drop a year earlier. Central SOEs' debt ratio was 66.5 percent in July, down by 0.2 percentage points from the start of this year, according to State-owned Assets Supervision and Administration Commission of the State Council.
In the first 11 months, foreign trade volume rose 15.6 percent from a year earlier to 25.14 trillion yuan.
In the first five months, private investment in manufacturing sector increased by 6.1 percent year-on-year, the highest level in two years, according to the commission.
In the January-September period, China spent more than 1.37 trillion yuan (about 198 billion US dollars) on urban shantytown renovation, the Ministry of Housing and Urban-Rural Development said on its website.
In the 5G era, higher reliability and lower latency can be realized, making the internet of things more effective and enabling tasks that are impossible in the 4G era, such as overseeing self-driving vehicles.
北京排名优化
In the area of insurance, connected ecosystems, along with the increased adoption of technology devices, provide not only gateways to innovative insurance products but also alternative data sources for tailored products and pricing, it said.
In the first five months this year, 11.18 million cars were sold in the world's largest auto market, a 3.7 percent growth year-on-year.
In the future, the commission will continue to uphold the underlying principle of pursuing progress while ensuring stability and further raise the quality and efficiency for financial institutions to serve the real economy, the statement said.
In the January-October period, FAI grew 7.3 percent year-on-year to 51.78 trillion yuan (about .8 trillion), according to the the National Bureau of Statistics (NBS).