Briefly

LNG storage tank installation on

The Zhangzhou LNG(liquefied natural gas) storage tank project, a key one included in the country's national gas production, supply, storage and marketing system, has been completed and entered the installation process. The project by China Construction Electric Power Construction Co Ltd will help enhance the natural gas reserve supply capacity in southwestern Fujian province.

ZTE revenue up by 15.4% to $11b

Telecom equipment maker ZTE said revenue rose by 15.4 percent on a yearly basis during the first nine months of the year to 74.13 billion yuan ($11 billion). The company said it had signed 55 commercial 5G contracts and teamed up with more than 90 global carriers for the superfast technology by the end of September. ZTE also said it would leverage its technologies and abilities in areas like 5G, cloud storage and artificial intelligence to bolster the development of the digital economy and accelerate digital transformation.

YTO Express net profit rises by 0.69%

YTO Express Group, a leading express delivery firm in China, said its revenue and profit rose during the first three quarters of the year. The company's revenue from express deliveries stood at 23.42 billion yuan ($3.48 billion), up 8.34 percent on a yearly basis, according to its quarterly report. Its net profit rose by 0.69 percent to 1.39 billion yuan in the first three quarters.

Xinhua - China Daily