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As profits grow, industrial firms have also seen their operational efficiency improve, said He of the NBS.

As the global smartphone industry shifts from the 4G to 5G era, shipments worldwide are suffering from a decline. But Huawei said earlier it aims to grab a 50 percent share in China by the end of this year or next year, as it shifts its global mix back toward China amid US government restrictions.

As the Chinese economy adjusts to a "new normal", international financial institutions are facing a series of external challenges－from economic restructuring to low interest margins and digitization. On the other hand, these trends also present opportunities to the entire banking industry, Lam said.

As tens of thousands flocked to Omaha to attend Berkshire Hathaway's annual shareholders meeting and listen to Warren Buffett talk about investing, businesspeople from China and the US met at the Fifth Omaha Dialogue to discuss the ongoing trade friction between the two countries.

As the House took up rules for the debate, Republican and Democratic senators clashed over how to conduct the Senate trial that decides whether Trump remains in power.