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Compared with traditional solutions, the network can deliver high-speed, low latency internet service, Steckel said. It will meet the demand of potential Chinese customers, including airlines, maritime fleets and schools in remote areas, he said.
Companies specializing in key industries, such as integrated circuits, artificial intelligence, biomedicine and civil aviation, will be granted a 15 percent business income tax for five years after their registration in the area. Under the country's tax system, the business income tax rate usually is 25 percent.
Companies with risky business expansion will be targeted and regulators will blacklist senior management for practices that violate regulations and laws, according to the statement.
Commercial vehicles are rebounding faster than passenger cars in China, as the country recovers from the coronavirus pandemic.
Competition in our industry is fierce and increasingly intense among both local and foreign companies. That said, I believe that competition is healthy in any industry. The primary beneficiary of true competition is the consumer and that is whom we should all exist for.
来源：资阳报