Nokia, BMW bullish on prospects in China

Finnish telecom giant Nokia Corp and German carmaker BMW Group plan to increase their investments in China, reinforcing they are bullish about their future prospects in the country.

Their top executives were part of a delegation of Tsinghua University advisors who were met by President Xi Jinping in Beijing on Monday.

Nokia will ramp up efforts in the fields of 5G technology and promote its commercialization by cooperating with local telecom carriers in the future, said its chairman Risto Siilasmaa.