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As reported by Bloomberg on Tuesday afternoon, two of China’s three of telecommunication giants, namely China Unicom and China Telecom, are planning to merge to speed up 5G service development. However, the plan has not been finalized, and the possibility of cancellation still remains, unnamed insiders revealed.

As the 5G case has showed, China's industrial ambition means more opportunities for domestic and foreign companies to compete and prosper together. The one propeller for the country's industrial upgrading is to keep opening up its market and economy to the world.

As summer winds down, the humidity drops and the skies assume a sparkling blue. Brisk breezes fan across the sun-baked earth. This is the best weather to enjoy the great outdoors.

As the country has been promoting supply-side reforms, speeding up mergers and acquisitions and trimming excess capacity for the healthy development of the Chinese steel industry, the country's top steel-maker China Baowu Steel Group said on Aug 22 it would take a controlling stake in Shanxi-based stainless steel giant Taiyuan Iron & Steel (Group) Co, to facilitate the giant's goal of producing 100 million metric tons of steel every year.

As you may imagine, China continues to deliver a very strong performance, rising two positions in the index to reach 15th place.