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China's three major telecommunications companies - China Telecom, China Unicom and China Mobile - and China Tower are all betting big on 5G and gearing up for their infrastructure construction, with a total estimated budget amounting to nearly 200 billion yuan in 2020, China Securities Journal reported Wednesday.
China's producer price index (PPI), which measures the cost of goods at the factory gate, rose 4.1 percent year-on-year in May, the NBS said.
China's southwestern municipality of Chongqing, home to more than 3 million registered cars, had the worst traffic congestion among 50 major cities in the second quarter this year, a recent traffic analysis report says.
China's yuan-denominated bonds were added to the Bloomberg Barclays Global Aggregate Index starting April 1, as the world's third-largest bond market is opening up wider.
China's top securities regulator said on Friday the country will gradually unify and streamline channels for foreign investors to trade in domestic markets, as part of its efforts to advance capital market opening-up this year.
