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China's approach to address major risks, poverty and pollution, "could set a global standard for using the major challenges of our time as drivers for innovation", said Dennis Pamlin, senior adviser at the Research Institutes of Sweden. "With this new initiative, China could actually shift the global innovation focus."
China's GDP growth has stabilized but wages continue to rise rapidly due to the country's changing economy and, in no small measure, the ongoing industrial upgrading plan.
China's 5G capital expense is expected to hit 1.5 trillion yuan (3 billion) between 2019 and 2025, said EY. Proactive government support and industrial capital investments have helped shape a self-sustainable 5G environment in China.
China' economy continued its steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.2 trillion yuan (.6 trillion), data from the National Bureau of Statistics showed Monday.
China will launch major research projects in artificial intelligence, quantum information technology, integrated circuits, life science and health, brain science, aerospace technology, and deep earth and ocean explorations, as well as other cutting-edge fields, according to a key document published on Tuesday.
来源：资阳报