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BEIJING, March 12 (Xinhua) -- Chinese institutions are preparing for the launch of much-anticipated yuan-denominated crude oil futures, a move seen to give the country greater pricing power over commodities.

Specific plans on the above aspects are expected to be unveiled at the two sessions.

China has only two national technology innovation centers, one for new energy vehicles and another for high-speed rail.

"Huawei began its research and development (R&D) on 5G in 2009, and in 2018 we have 30 pre-commercial trials across Asia, Europe and the Americas," Joe Kelly, vice president of Huawei's international media affairs, told Xinhua. He said the company will implement some of its first commercial contracts for 5G products this year.

He spoke positively of the association's efforts to bolster Chinese education and bring about a diversified and prosperous culture for the Chinese community in recent years.