oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.
“5G, industrial internet and the internet of vehicles are among the country’s top development priorities
in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa
id on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com
mercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold
able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.
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Premier Li Keqiang urged government departments to speed up the implementation
of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.
Li was speaking with entrepreneurs from the manufacturi
ng, construction and service sectors at the Zhongnanhai leadership compound in Beijing.
The businesspeople said they have received benefits from the tax reduction measu
res in the past months, after the measures were introduced by Li in the Government Work Report in March. They
also offered advice on how to further ease the tax burden on businesses.
After hearing their opinions, Li called tax reduction a great decision made by the Communist Party of China Central Comm
ittee and the State Council. It has boosted market confidence in outstanding ways and promoted the stable
growth of the economy, he said, adding that the positive factors for economic growth are increasing.