In a statement on May 16, Huawei said that losing acce

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports. “I’m not able to tell you exactly what the costs will be; […]

RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said. The United States Treasury announced on Wednesday that it could not label […]

Belt, Road high on China-Niger agendaming ceremoident

China and Niger should enhance Belt and Road cooperation and implemen t major projects in areas such as infrastructure, energy and agriculture, President Xi Jinp ing said on Tuesday. Xi made the remark while meeting with Niger’s President Mahamadou Issoufou at the Gre at Hall of the People in Beijing. Issoufou is paying a state […]

Issoufou congratulated Xi on the 70th anniversary of the f

 founding of the People’s Republic of China and the great achievements that Chinese people have made under the leadership of the Communist Party of China. Noting that China’s development has made important contributions to m ankind, Issoufou said that China’s inclusive economic growth has lifted a huge number of people out of poverty. Niger supports […]

The 5G tech will not only improve the way people liv

 live and work, but also accelerate China’s social digital transformation as well as build key competence amid the uphill battle in the global industry,” Huang said. “There are huge investment opportunities for 5G industries, including materials, chips, main equipment suppliers, base stations, antenna, cloud computing, internet of vehicles and the internet of things,” Hu ang […]

China is the world’s largest producer of rare earths, acco

counting for about 80 percent of global supply. However, the country’s rare-earth industry is faced with such pro blems as rapidly decreasing inventory, inefficient production and environmental pollution. Analysts also said that the low prices of China’s exports have failed to reflect the real value of the precious resource. The division of labor of the […]

ale Zhang, managing director of Shanghai-based con

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable. Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro und 1.5 million electrified vehicles, most of them pure […]

Xi envisions cooperation on big data development

resident’s message calls for tackling legal, security, governance challenges President Xi Jinping called on Sunday for strengthened cooperation among countries to explor e opportunities of digital, internet-based intelligent development and to properly address leg al, security and governance challenges arising from big data industry development. He made the remarks in a congratulatory letter to the […]

to see that with the right structure, we can get tons of be

Lu Yong, vice-president of Huawei Technologies Co, said China’s d igital economy has thrived on the basis that China has built the world’s largest 4G network. “5G is not just a faster 4G. It will fundamentally reshape how enterprises run busine sses and overhaul a wide range of industries by using data to create more […]

Nearly three years after the United Kingdom voted by per

rcent to 48 percent to leave the EU, it remains a member and its politicians are still argui ng over how, when or even whether the country will leave the club it joined in 1973. May quit on Friday, saying it was a matter of deep regret that she had been unable to deliver Brexit […]