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China will see large-scale construction of 5G networks next year, with more interesting applications of the superfast technology rapidly emerging and more than 3 million consumers signing up for 5G mobile data packages by the end of this year, experts said on Thursday.
China will establish around 30 agricultural high-tech industry demonstration zones by 2025 so they become agricultural "Silicon Valleys" to boost the development of modern agriculture and support the rural rejuvenation strategy, the Ministry of Science and Technology said on Wednesday.
China's central bank said it is working together with local governments to develop five new green finance pilot zones, an initiative that will help fund the country's fight against pollution-which some analysts have estimated will cost over 3 trillion yuan (0 billion) annually in investment.
China will significantly ease market access, and hopes that the EU will keep its investment market open and provide Chinese companies investing in Europe a fair, transparent and predictable policy environment.
China's CAGR (compound annual growth rate) of venture investment in innovation has been up to 41 percent since 2012. Unlike in the US, where financing in innovative industry mainly relies on venture capital, multiple Chinese technology enterprises make a great deal of investment in internet and AI with their own funds. This establishes a relatively loose financing environment for the development of domestic innovative industry.