BEIJING, June 22 (Xinhua) -- The following are highlights of China's key local business news from the past week.

-- HUAWEI: NO BACKDOOR

Huawei founder and CEO Ren Zhengfei said Monday that there are "absolutely no backdoors" in Huawei's equipment and the company is willing to sign no-backdoor agreements with other countries.

Huawei will neither split nor sell its mainstream businesses, and it has no plan of mass layoff, according to Ren.

Huawei will invest 100 billion U.S. dollars in the next five years to make network infrastructure more efficient and reliable, Ren said.

Despite the financial blows the company is bearing, Ren added that there was no plan to reduce research spending and promised to make more contributions to theoretical science in the future.

-- STRONG MID-YEAR ONLINE SALES

Major Chinese online shopping platforms have posted strong sales growth in a mid-year shopping festival that underlines robust consumer spending in the world's second-largest economy.

JD.com, the e-commerce giant which created the "618" online shopping event years ago to mark its anniversary, recorded a sales of 201.5 billion yuan (about 29.1 billion U.S. dollars) from June 1 to June 18, up 26.6 percent year-on-year.

Juhuasuan.com, an online group buying marketplace run by Alibaba, saw sales up 86 percent year on year, with the number of buyers in the third-tier and smaller cities as well as their spending more than doubling.

Social e-commerce giant Pinduoduo received over 1.1 billion orders during the 18 days, with an annual growth of over 300 percent in gross merchandise volume (GMV).

-- SELF-DRIVING LICENSES IN GUANGZHOU

The southern Chinese city of Guangzhou granted to six enterprises the road test licenses for self-driving cars.

This was the first group of self-driving cars to obtain testing licenses of the city. The car companies include Chinese automaker Guangzhou Automobile Group Co. Ltd. (GAC Group) and AI-powered mobility company WeRide.

-- CHINA'S OIL REFINING CAPACITY

China's oil refining capacity has increased significantly over the past few years, with annual refined oil output standing at 360 million tonnes at the end of 2018, statistics showed.

China currently has more than 210 oil refineries. Twenty-three of them are large refineries that have an annual refining capacity of 10 million tonnes as of end of 2017.

-- SHANXI'S COAL MINES

Authorities in north China's Shanxi Province have suspended or held back the construction of 82 coal mines in the first five months of 2019 amid enhanced safety scrutiny.

The closed mines accounted for 8.3 percent of the total in the coal-rich province. As of the end of May, Shanxi has 988 coal mines, among which 32.7 percent are newly-built, renovated and expanded. Enditem

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