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China granted four licenses to telecom carriers on June 6, marking that the country has officially kicked off the 5G era. It also marked an accelerated push by China to apply 5G, for its previous plan was to commercialize the technology in 2020.
China has adopted a more vigorous fiscal policy and accelerated local government bond issuance. Next year, the country will speed up implementation of major projects according to the 13th Five-Year Plan (2016-20), use the funds raised through local government debt and public-private partnerships for these projects as soon as possible, and attract private investment in the projects.
China currently has 96 central SOEs, down from 196 in 2003, as the central government has restructured them to improve their efficiency and competitiveness.
China began an airport construction boom in 2008 when the government began massive spending on infrastructure to offset the global financial crisis.
China has increased efforts to contain financial risks in recent years. The country handled NPLs worth about 1.4 trillion yuan (7.9 billion) in the first three quarters of this year.
来源：资阳报