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um for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.
“5G, industrial internet and the internet of vehicles are among the country’s top development priorities in the teleco
mmunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa
id on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite th
e commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fol
dable smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.
ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.
hinese women are buying more for themselves than they have in the past, according to a new report on Chinese women’s consumption.
The report was released one day before this year’s International Women’s Day by Alibaba’s e-commerce platform, Tmall.
More women are spending to please themselves instead of other
people, the report said. Tmall’s data showed that women’s consumption of books, tourism expe
riences, wire-free bras, flat shoes, flowers and other “treat-yourself” products continues to grow significantly.
Women born in the 1980s placed a total of 48.06 million book orders on
Tmall in the past year, while according to data from Fliggy, Alibaba’s travel arm, the same
group spent most on travel, China’s Hong Kong, Japan, Thailand, China’s Macao and Singapore their favorite destinations.
Preparation work for China’s ground-breaking science and technology innovation boa
rd is in full swing, with more supporting measures in the pipeline and detailed rules to be an
nounced soon, said China’s securities watchdog and the Shanghai bourse on Wednesday.
“On the whole, related work for the new board has gone rather smoothly. And we will continue to make solid and me
ticulous preparations to launch this major reform in an effective way,” said Yi Huiman, the newly appointed chairman of
the China Securities Regulatory Commission, when convening his first-ever press conference on Wednesday.
Detailed rules of the new board will be available soon to take effect, after necessary mod
ifications in line with public opinions solicited, based on the draft version, said Huang Hongyuan, ge
neral manager of the Shanghai Stock Exchange, the bourse that will launch the board.
“We will receive listing applications after the regulations are available,” H
uang said. How soon the first company will go public on the new board depends on variou
s factors, including preparation progress of the companies and their investment banks, Huang added.