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ong the country’s top development priorities in the telecommuni
cations industry,” Zhang Feng, chief engine
er of the Ministry of Industry and Information Te chnology, said on Friday during the World Telecommunication and Information Society Day.
lled for accelerated efforts to set standards in key areas, including 5G, to expedit e the commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has a
veiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.
Also on F
riday, shortly after the US said it would ban Huawei from buying US t echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said
going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday
in a statement on its website. “The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors t
o expand investment in the ma rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi nancing to play a more significant role in allocating savings and investment, and better serve the economy.
ures are consistent with the top-line measured GDP growth number. For example, production and
supply of electricity, thermal power, gas and water in
creased by 7.1 percent in the quarter. Pl us, value-added index of transport, storage and post increased by 7.3 percent.
look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif ting away from a development strategy based on h
eavy investment in industry and infrastructure to one based on services and domestic consumption. Also, more productive industries that tur
n out high
er-value added goods are growing at a much faster rate than traditional heavy industry. Among large companies, State-owned enterprises grew 4.5 percent yea
r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro
ng progress is being made toward the goal of promoting private enterprise, which was re
inforced by many policies announced at last month’s meeting of the National People’s Congress.