China's centrally administered state-owned enterprises (SOEs) performed well in the first four months of 2017, with their profits and operating income both posting brisk increases.
By 2020, the scale of China's satellite navigation business will surpass 400 billion yuan (58 billion U.S. dollars), said an official at an academic conference on Wednesday.
A senior Chinese official Wednesday defended the "Made in China 2025" plan and reassured foreign firms that the plan will treat all companies equally.
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