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China's ZTE Corp said it will invest 2 billion yuan (4.8 million) in 5G research and development each year, as China steps up its efforts to build the world's biggest 5G network and to commercialize 5G services in 2020.
China's State Power Investment Corp, one of China's five largest State-owned electricity producers, further expanded its footprint abroad with total overseas assets of 78 billion yuan (.71 billion) and 41 countries and regions covered by the end of 2017, the company said in a report on Tuesday.
China's banking and insurance regulator on Friday issued a revised regulation on foreign insurers, which allows foreign life insurers to own a controlling stake in their joint ventures, paving the way for the removal of ownership restrictions next year.
China will maintain a proactive fiscal policy stance in 2019, with a higher deficit-to-GDP ratio to leave policy space to address potential risks. [Photo/VCG]
China's "aggressive" tax cut plan for 2019 highlights the central government's determination to promote high-end manufacturing and could motivate enterprises to increase investment despite the temporary slowdown in industrial profits, experts said on Tuesday.
来源：资阳报