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China's central bank announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy. [Photo/VCG]
China will encourage consumers to upgrade their smartphones into 5G-enabled devices, and motivate companies to create more high-quality 5G content, as part of a broader push to boost consumption, the nation's top industry regulator said on Tuesday.
China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report by the Asian Development Bank on Wednesday.
China's big three telecom carriers launched a new 5G-enabled messaging service on Wednesday that could prove to be a game-changer in social networking and pose challenges to Tencent's messaging services, analysts said.
China's Assistant Minister of Commerce Li Chenggang told a recent news conference that China does not pursue a trade surplus and is willing to import more commodities from ASEAN countries.
来源：资阳报