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China is projected to account for 70 percent of global 5G connections, and the country has firmly established itself as a global 5G leader, according to a report by GSMA, an international association of mobile operators.

China is facing "significantly increasing challenges in terms of financial risk prevention and tackling", but given the country's sound economic fundamentals and its pre-emptive approach to controlling financial risks, the financial sector remains well under control－that's the key takeaway from two major developments last week.

China is expected to see 117 million passenger trips during the upcoming five-day May Day holiday, a spokesman with the Ministry of Transport said on Thursday.

China has pledged to pursue a prudent and neutral monetary policy in 2017, with the M2, a broad measure of the money supply, to grow by around 12 percent, one percentage point lower than the 2016 target.

China is also ready to promote cooperation in trade, tourism and people-to-people exchanges, the premier said. China-Bolivian cooperation is a part of South-South cooperation and China is ready to work with Latin American countries, including Bolivia, to safeguard interests of developing countries and promote global peace, stability and development, Li added.