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As the People's Bank of China (PBOC), the central bank, did not lower the MLF rate after cutting the targeted reserve requirement ratio (RRR), the unchanged LPR was in line with expectations in a financial market that is waking up to more easing streaks overseas.

As the superfast 5G communications network is set for scaled commercialization next year, marketers are looking to leverage the technology to revolutionize how brands engage with customers.

As the largest developed country, the US is also facing serious challenges on infrastructure, education and healthcare, areas that call for more priority in government spending than the mighty US military.

As the online sales sector has played a prominent role in driving social consumption in China, the country will launch an online shopping festival to boost consumption from April 28 to May 10, said Cai Yudong, deputy director-general of the department of electronic commerce and informatization under the Ministry of Commerce.

As this year will be a tipping point for the large-scale construction of 5G networks worldwide, Huawei said it will actively seize all opportunities to drive global deployment of the superfast technology. The company has already started shipping 5G base stations－with no US components－worldwide.