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China Telecom announced this month that it will start building its 5G network based on the standalone 5G technology. Commercial 5G services are expected to become available in 2020.
China Mobile said it is also ramping up resources to develop 5G networks, as part of its efforts to establish an edge in the next-generation communication technology. It plans to put 5G into trial operation in 2018, before commercializing the technology in 2020.
China accounted for 16 percent of India's total imports last year, according to data from India's Ministry of Commerce and Industry. Meanwhile, the number accounted for 2.8 percent of China's total exports.
China Mobile Communications Corp reported that its revenue was 185.5 billion yuan (.7 billion) in the first three months of 2018, an increase of 0.8 percent year-on-year. China Unicom said its net profit exceeded 1.3 billion yuan in the first quarter of this year, up 374.8 percent year-on-year.
China International Trade Representative and Vice Minister of Commerce Fu Ziying made the announcement during a press conference at a meeting of China and CEEC economic and trade ministers in Ningbo Thursday.