China will have the most 5G connections of any nation by 2025, while Europe will lag behind South Korea, the United States, Japan, and China in terms of 5G penetration by that year, according to a new study.
China's 5G smartphone shipments quadrupled in October as 5G handsets are expected to drive the whole electronics industry amid expectations of large-scale shipments in the country next year.
China is "optimistic" about meeting the goal of stably attracting foreign investment in the mainland through the year, as the January-October figures were sound, the Ministry of Commerce said.
The People's Bank of China, the central bank, lowered a key interbank interest rate on Monday, the first such easing in four years as policymakers signaled their intention to enact necessary steps to ensure sufficient liquidity and prop up growth.
Bourses in Shanghai, Shenzhen and Hong Kong have been able to forge strong ties through the various stock connect programs, with higher capital inflows and renewed market vitality being the key takeaways, experts said.
Chinese oil and gas giant Petro-China's partnering with some of the world's biggest energy companies to launch a new crude oil futures exchange in the Middle East, is an important move for the company to better leverage the international crude oil trading mechanism to gain profits and hedge losses, analysts said.
China's market volume of prescription drug sales non-hospital is estimated to reach 250 billion yuan ($35.6 billion) by 2020 thanks to the country's medical reforms, industry experts said.
China's next big wave of consumption is likely to occur in the lower-tier cities, as consumers living there put more emphasis on high-quality and imported products, along with improvements in living standards and rising disposable incomes.
As e-commerce development in China's first-and second-tier cities nears a plateau, young people in the nation's smaller cities and towns are shaping up to be the next impetus driving growth.
Over the next 20 years, joint venture partners Avicopter, the helicopter branch of State-owned aircraft giant Aviation Industry Corp of China, and Airbus Helicopters, the French aircraft-maker's subsidiary, expect to sell about 800 to 1,000 AC352 choppers worldwide, including 300 in China, with profits to be split equally.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
