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Chinese Ambassador to Britain Liu Xiaoming speaks at the Standard Chartered Summit. [Photo provided to chinadaily.com.cn]
China's three major telecom operators have built about 156,000 5G base stations as of early February, according to the article, which also estimated total investment on 5G network construction will reach 1.2 trillion yuan (about 3.3 billion) by 2025.
China's steel industry notched up a creditable achievement last year. It improved product quality, which helped increase prices and boosted companies' financial performance. All this was made possible by rigorous capacity cuts, in response to the government's call to the sector to deal with overcapacity, rationalize and modernize.
China’s July fixed asset investment cooled down a little while the private sector recovered as supply side reforms gathered pace, official data showed on Tuesday.
Chinese AI medical startup HY Medical took the crown in the world's leading AI algorithm contest recently, as China rises in the global AI race with stronger technological prowess.