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China's 5G smartphone shipments quadrupled in October as 5G handsets are expected to drive the whole electronics industry amid expectations of large-scale shipments in the country next year.
China's auto sales hit 2.3 million in June, up 11.6 percent on a yearly basis, while monthly output witnessed a 22.5 percent increase to 2.33 million, according to the China Association of Automobile Manufacturers.
China will provide greater fiscal support and better protection of intellectual property rights to encourage its leading tech firms to step up research, an official with the country's top industry regulator said on Friday.
China's central bank still faces several challenges in monetary policy operations, Zhu Haibin, JPMorgan chief China economist and head of China equity strategy, told China Daily.
China will relax foreign shareholding restrictions on value-added telecommunications services, commercial services and transportation to invigorate the modern services industry, he added.
来源：资阳报