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China will work with the British side to bolster communication and exchanges, and enhance mutual political trust, he said, adding that China welcomes more active participation in the Belt and Road Initiative from the UK side.
China's 5G smartphone shipments are estimated to reach 140 million units in 2020, according to estimates from market research company Counterpoint Research.
China will stop using the traditional benchmark lending rate for new loans starting next year, which is considered a milestone in the 25-year process of market-oriented interest rate liberalization reform. Economists expected a more flexible mechanism to reduce financing costs for companies and households.
China's State-run banking system is criticized for being inefficient, but it has given many millions the opportunity to save conveniently and safely. China's long-term emphasis on manufacturing gave young people the steady incomes they needed to invest in themselves. And, local government officials who are graded on economic growth and poverty reduction have a strong incentive to help people escape poverty.
China's blueprint to become a self-reliant scientific power is about bolstering the nation's ability to solve key strategic issues through its own efforts and to achieve quality, sustainable development through innovation and ingenuity, experts and officials said.
来源：资阳报