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Among the 5G possibilities are augmented reality (computer graphics merging with the real world), virtual reality, improved streaming resolution, holographic displays, enhanced power and next-gen cloud computing. More importantly, smartphone makers' enthusiasm for 5G shows how technological advances can motivate people, especially when their product shipments are shrinking.

Among the projects signed at China Tianjin International Fair for Investment and Trade, 12 were related to high technology like artificial intelligence and biotechnology, with an investment of 1.68 billion yuan, according to the event organizer.

Ambassador Paul Kavanagh said the two countries were expected to see extensive opportunities for cooperation in fields such as green technology, life sciences and financial services.

Among the earnings, room sales totaled 23.55 billion yuan while catering income constituted 18.86 billion yuan, accounting for around 48 percent and 38 percent of the total revenue, respectively.

American textile and apparel companies are taking a wait-and-see approach to business with their Chinese partners amid the US-China trade dispute.