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.
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
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.
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.