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Chinese telecom company ZTE Group announced on Monday that it has succeeded in making the first phone call enabled by 5G technologies as Chinese smartphone makers scramble to work on 5G in hopes of applying this next-generation mobile communication technology to their products as soon as possible.

Chinese television manufacturer Konka Group Co Ltd is accelerating efforts to expand into the semiconductor sector and increase research and development investment in micro LED display technology.

City officials revealed Thursday they would partner with the state government to "cut red tape" and make it easier for businesses to utilize unclaimed spaces such as laneways and footpaths to create outdoor dining precincts.

Close coordination and continuing contact are the best medicines to help relieve global economic pain at a time when quarantines and social distancing have been prescribed to blunt COVID-19's public health impact, the International Monetary Fund (IMF) chief said Monday.

Citing statistics of recent years, Ying said the private sector accounts for about a quarter of the city's GDP, one fifth of its trade volume and one third of its tax revenue. The sector's dominance in the field of technology is obvious: it accounts for more than 90 percent of the city's technology companies. Among China's top 100 internet companies, 18 are private companies based in Shanghai.