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Echoing his concerns, BlackRock Investment Institute pointed out in a latest report that the U.S. economic expansion is shifting into "a late-cycle phase" of the business cycle, the final phase before a downturn, as fiscal and monetary stimulus is dissipating while the impact of protracted trade tensions is biting back.
The country's share in the world economy could rise to around 16 percent this year, contributing nearly 30 percent to global growth, Han estimates.
Other parts of western China, including Sichuan, Guizhou and Shaanxi, are also embracing the digital economy.
China's bonds market stood at about 86 trillion yuan (about 12.84 trillion U.S. dollars) by the end of 2018, with about 1.8 trillion yuan (about 270 billion U.S. dollars) held by global investors, up 46 percent year on year.
"We have been coming to the MWC for several years, but 2019 is the first year in which we are going to see 5G commercialized and we think we are going to be a key player in the sector," Li Qing, marketing manager from Chinese smartphone producers ZTE told Xinhua, adding "Innovations in 5G have been and will continue to be a very important strategy for our company."
来源：资阳报