ZTE Corp, another Chinese telecom gear vendor,also said

 in a statement that its products are ready for commercial use and it will acti

vely participate in the commercial deployment and construction of 5G netw

orks in China, and will work closely with industry partners to actively promote the application of 5G.

China is set to become the world’s largest 5G market by 2025, with 460 million 5G users, according to a forecast by the Glo

bal System for Mobile Communications Association, an industry group.

The country’s telecom carriers are expected to spend 900 billion

to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network

construction from 2020 to 2025, according to a report from the China Academy of Information and Co

mmunications Technology.China’s Dragon Boat Festival, or Duanwu, is just ar

ound the corner. Also called the Double Fifth Festival, the holiday, which falls on J

une 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.

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China to remain steadfast protecting national security

China welcomes the United States’ willingness to develop a stable mi

litary-to-military relationship, but will remain steadfast in safeguarding national sove

reignty and security, a senior Chinese military official said on Saturday in Singapore.

In a keynote speech at the annual Shangri-La Dialogue on Saturday morning, acting US Defen

se Secretary Patrick Shanahan said that China and the US can still have a cooperative relati

onship. Although competition does exist between the two countries, it does not always mean conflict, he added.

Shanahan also noted some “destabilizing activities” in Asia and emphasized the US’s military

presence and commitment in the region. He called for more communication between the US and Chi

nese militaries to settle their differences and build a constructive relationship.

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President’s Russia visit eyes global stabilityernational Coo

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is impo

rtant to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg Inter

national Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road For

um for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

The visit will further display the strength of bilateral ties, which are developing “very good” momentum both politically and

economically, said Ruan Zongze, vice-president of the China Institute of International Studies.

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The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate

d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday

Lu also announced other measures to develop China’s commodity fut

ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open

up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s

ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n

ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai

d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of

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Speaking at a regular news conference, Lu said the US sid

de has made various remarks about trade negotiations, with some saying the agreement w

ill come out soon while others saying it’s still difficult to reach an agreement, from time to time.

China’s position has been consistent, Lu said. “The trade frictions should be resolved through friendly con

sultations and negotiations, which must be based on mutual respect, equality and mutual benefit,” he added.

SOUTHAMPTON, England – Nigel Farage’s Brexit Party was se

t to storm to victory in a European election, riding a wave of anger at the failure of Prime Min

ister Theresa May to take the United Kingdom out of the European Union, early results showed.

The country’s two main parties, May’s Conservatives and the opposition Labour Party, hemorrhaged support while sm

aller pro-EU parties did well: the Liberal Democrats were in second place, according to a BBC projection.

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He added that the Prism event and Alstom case have show

n a written instruction released on Friday, President Xi Jinping called on society to ca

rry forward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era.

Xi is also general secretary of the Communist Party of Chin

a Central Committee and chairman of the Central Military Commission.

Zhang, a native of Shaanxi province, behaved courageously in the Liberation War in 1948, repea

tedly achieving military glory. He retired from active service in 1955.Over the following dec

ades, he kept his battle achievements a secret, even from his children. His story was made public at the end of last year, a

s information about veterans nationwide was being collected by the authorities.

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n the case before Mehta, Trump and his business orga

anization sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Orga

nization. Trump’s lawyers accused Democrats of harassing Trump and said the subpoena “has no legitimate legislative purpose.”

Trump’s lawyers, in suing in both Washington and New York in attempt to beat back congressiona

l subpoenas, said congressional investigations are legitimate only if there is legislation that might result from them.

In the New York case, Trump, his business and family have sued Deutsche Bank and Capital One to prevent the fi

nancial companies from complying with subpoenas from the House Financial Services Committee and the House I

ntelligence Committee for banking and financial records. A Wednesday hearing is planned in that case.

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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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Usually, when we have become established in a second

tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve

ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said.

About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe

s on household items, luxuries, entertainment and travel, according to a report on this age group rec

ently released by the Central Committee of the Communist Youth League of China.

“They also like quality products, good brands and are interested in being trendset

ters,” said Sun Hongyan, a researcher at the China Youth and Children Research Center.

Sun, the main author of the report, said 35.5 percent of small-town youths use mob

ile phones or electronic devices that feature the latest designs from well-known brands.

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Beijing to enlarge collaborative outreachcorations are pre

Beijing’s municipal government has built bridges between Chinese co

mpanies and countries associated with the Belt and Roa

d Initiative in recent years and plans to enlarge its communication in more fields in the future.

Xiong Jiuling, head of Beijing’s Foreign Affairs Office, said the capital w

ill make greater efforts in nongovernmental exchange programs this year by enh

ancing cooperation in commerce, technology, culture, education and urban management with other nations.

“We will employ better arrangements and methods to coordinat

e different departments to realize our target without increasing government spending,” she said.

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