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China's case was the 24th item on the WTO agenda, listed as "Australia－discriminatory market access prohibition on 5G equipment－request from China".
China's big three telecom carriers are forecast to spend 900 billion to 1.5 trillion yuan (4 billion to 3 billion) in total on 5G network construction from 2020 to 2025, according to a report from the China Academy of Information and Communications Technology. In comparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.
China's central bank announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy. [Photo/VCG]
China will further open its financial sector, reduce taxes and fees, and better protect intellectual property rights, Premier Li Keqiang told business, financial and think tank leaders during Summer Davos Forum in Tianjin on Thursday.
China's AI sector will be worth 9.1 billion yuan by 2020 and it will rise by more than 50 percent year-on-year.
来源：资阳报