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China will expand high- and medium-end product imports to further promote consumption upgrades, spokesperson from the Ministry of Commerce said on Thursday.
China's biggest domestic electric vehicle producer BYD signed an agreement with Japanese commercial vehicle manufacturer Hino Motors on Wednesday to set up a 50-50 joint venture to develop batteries for electric vehicles and electric units, in an effort to share the extensive costs of development.
China's central bank is very close to launching its own digital currency after five years of research and development in the area, according to a senior official.
China's banking and insurance sectors ramped up support to the real economy, promoting the expansion of domestic demand, vice-chairman of the China Banking and Insurance Regulatory Commission Huang Hong said at a news conference on Wednesday.
China's 5G network development has achieved good results. During the first 10 months, 5G mobile phone shipments reached 124 million units with a total of 183 new models coming to market.
来源：资阳报