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China is set to become the world's largest 5G market, with 460 million 5G users by 2025, according to a forecast by the Global System for Mobile Communications Association, a global telecom association.
China has set up the second phase of its national advanced manufacturing investment fund, with a size of 50 billion yuan (.12 billion), in order to inject new vitality into the nation's push for high-end manufacturing, according to State Development & Investment Corp, China's largest State-owned investment holding company.
China is at the forefront of 5G technology, Groth noted, adding it is definitely an area where the two countries can strength their partnership.
China holds one-third of the world's coal reserves and this accounts for around 70 percent of the nation's basic energy needs.
China is also poised to lead the global industrial IoT market. There will be 13.8 billion such connections globally by 2025, and China will account for approximately 4.1 billion, a third of the global market, according to the Global System for Mobile Communications Association.
