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.
roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on
e from University of Science and Technology of China, have started research on the site, Zheng noted.
The site will “offer research teams with observation equipmen
t, support for outdoor observation and data sharing services”, he said.
Wu Zhongliang, director of the administra
tion’s Institute of Earthquake Forecasting, said the experimental site will help for
m a “united front” at the national and international level to work on earthquake forecasting.
Referring to earthquake forecasting as a hard nut to crack, Wu said the work can
not see marked progress just in a few days, but forecasting capability will be improved a
s technology develops. “If it’s a war between humans and earthquakes, it’s us that will finally win,” he said
s become a driving force behind economic growth, and interne
t companies should concentrate on making breakthroughs in core technologies.
“The country is narrowing the gap with developed countries, especially in autonomo
us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o
ur pace is faster and our potential is bigger,” said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.
He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni
ties of AI, and the country’s efforts in technological innovations will begin gradually changing the world.
Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons
truction of a digital China and high-quality social and economic development, and internet firms should co
nsolidate basic research and focus on making breakthroughs in core technologies.
year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to
become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro
wing about 70 percent year-on-year, according to the market research company Canalys.
Its products and services are also well received in other South Asian and Sout
heast Asian countries, including India, and African countries such as Kenya.
In 2018, Oppo shipped 113 million units of smartphones wor
ldwide, garnering a global market share of more than 8 percent, according to IDC data.
Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon
d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i
nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.
It’s hard to say that China entered a new cycle of credit expansion,” said Zhang Ming, chief eco
nomist at Ping An Securities. “For the whole year, the overall financing growth and money supply is expected to stabilize.”
Fast credit expansion means higher pressure on companies to repay debt and interest, and the space for sustainable credit growth i
s limited, given the current leverage level. Total outstanding debt has exceeded 250 percent of GDP, Zhang said.
The good news is that credit has been channeled effectively into the production sector, such as manuf
acturing and high-tech, and the healthier credit structure can support the overall economic r
estructuring reform, said Ruan Jianhong, head of the central bank’s statistics and analysis department.
hina and the United States will continue economic and trade consultations in Washington ne
xt week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.
According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including tec
hnological transfers, intellectual property rights protection, nontariff barriers, the service industry, agr
iculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.