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China Mobile aims to offer 5G commercial services in 40 cities by the end of this year after China officially granted four licenses to telecom operators in the country on June 6.
China Telecom, the smallest wireless carrier by mobile subscribers in China, also said earlier this month that its budget for 5G in 2019 stands at around 9 billion yuan.
China Huarong Asset Management Co Ltd, one of China's largest State-owned asset managers, has set up an online platform for bad debt transactions, as part of its efforts to broaden channels for disposal of distressed debt and increase efficiency of transactions.
China Mengniu Dairy Company Limited has seen revenue grow 14.6 percent year-on-year to 79 billion yuan (.11 billion) and net profits increase 34.9 percent to 4.1 billion yuan. [Photo provided to chinadaily.com.cn]
China aids globalization better than any other country and has surprised the world with the development of its digital economy, former Portuguese deputy prime minister Paulo Portas said on Saturday.
