CHINA Mobile will transform its business and boost revenue in 2017 by tying up with partners to tap the 5G network, Internet of Things and smart home development, the telco said yesterday.

 CHINA Vanke Co, the Chinese mainland’s biggest property company by sales, said yesterday it was terminating a key agreement to acquire a property development arm of Shenzhen Metro Group after it failed to get the approval of some of its major shareholders.

 THE Chinese central bank’s yuan funds outstanding for foreign exchange fell again in November, burdened by lingering capital outflow pressures amid a weakening yuan against the US dollar.

 CHINA’S fixed-asset investment rose 8.3 percent year on year to 53.85 trillion yuan (US$7.8 trillion) in the first 11 months of 2016, data showed yesterday.

The growth was flat from the January-October period, the National Bureau of Statistics said.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.

Infrastructure investment jumped 18.9 percent in the first 11 months, while FAI in high-tech industries surged 15.9 percent during the period, according to the data.

FAI by state-owned enterprises climbed 20.2 percent year on year during the period. Private sector FAI, which accounts for more than 60 percent of the total FAI, expanded 3.1 percent in the first 11 months, accelerating from 2.9 percent in the first 10 months.

Growth in property development investment fell slightly to 6.5 percent for the January-November period, after rapid housing price rises in major cities forced the country to impose restrictions on home purchases.

Other indicators released by the statistics bureau, including industrial production and retail sales, pointed to evidence that the world’s second-largest economy was stabilizing.