Month: May 2019
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne
sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing.
“Beijing is actively transforming itself as a national scientific and tech
nological innovation center. With advantages in complete telecom infrastructure, abunda
nt talent and strong research and development capabilities, we have the resolve to accelerate the push for making brea
kthroughs in 5G technologies and build an independent and innovative 5G industrial system,” Sui said.
As of May 24, the three major telecom operators－China Mobile, Chin
a Telecom and China Unicom－have established 4,700 5G base stations in Beijing, acc
ording to Wang Gang, head of the Beijing Municipal Bureau of Economy and Information Technology.
live and work, but also accelerate China’s social digital transformation as well as build key competence amid the uphill battle in the global industry,” Huang said.
“There are huge investment opportunities for 5G industries, including materials, chips,
main equipment suppliers, base stations, antenna, cloud computing, internet of vehicles and the internet of things,” Hu
ang said. “5G will bring historic opportunities for China’s economic and social development.”
A new 5G research institute has also been established in Yizhuang, Beijing on Wednesday.
According to a new report by Global System for Mobile Communications Associ
ation, China is set to become the largest 5G market in the globe, with 460 million 5G users by 2025.