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China Mobile, China Unicom and China Telecom disclosed earlier in March they would invest about 180 billion yuan in total into 5G this year. They will build about 550,000 units of 5G base stations this year.
China CAMC Engineering Co, an arm of the State-owned Sinomach, signed a contract with Finland's Boreal Bioref that will facilitate an investment of 800 million euros (2.8 million) in a new bio-refinery in Kemijarvi.
China Mobile will launch 5G smartphones in the first half of next year as part of their plan for pre-commercial trials of 5G in 2019 and full commercialization of 5G in 2020. [Photo/IC]
China CITIC Bank Corp Ltd witnessed a substantial improvement in asset quality last year. [Photo/Sipa]
China CITIC Bank Corp Ltd helped China General Technology (Group) Holding Co Ltd, a major State-owned conglomerate specializing in areas including pharmaceuticals, advanced manufacturing and technical consulting, raise 2 billion yuan on Thursday through issuance of 90-day super and short-term commercial paper with a bond coupon rate of 2.4 percent. Out of the total funds raised, 400 million yuan will be used for prevention and control of the epidemic.
来源：资阳报