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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 said. “5G will bring historic opportunities for China’s economic and social development.”
A new 5G research institute has also been established in Yizhuang, Beijing on Wednesday.
According to a new report by Global System for Mobile Communications Associ
ation, China is set to become the largest 5G market in the globe, with 460 million 5G users by 2025.
At least four deaths have been blamed on crowding during the climbs, Agence France-Presse reported.
People should be well prepared to handle Qomolangma’s traffic jams which are common phenomena along climbing paths, said alpinists who had reached the summit.
“Although the news about the jam on Qomolangma this year has gone viral, people should understand that it happens every year during the brief cl
imbing window. Knowing what to do when climbers jam the narrow paths should be incl
uded in their training well in advance,” said Ma Liyamu, who reached the top of Qomolangma, the world’s ta
llest mountain at 8,848 meters, on May 22 and was also held up by the crowds on her descent.
She is the leader of a mountaineering team of three Chinese women w
ho scaled Qomolangma. They launched their expedition from Nepal, which issued 381 cli
mbing permits for the season that concludes this week. Nepal’s permits this season cost $11,000 each.
icy tools to offset short-term downside pressure, while the financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.
China’s overall debt-to-GDP ratio had dropped to 249.4 percent
by the end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.
If trade tensions escalate further, more opening-up policies in the sectors of medical
care and education will help boost global investors’ confidence in the Chinese economy, Zhang added.
By hiking the tariffs on $200 billion of Chinese goods from 10 percent t
o 25 percent just when it seemed the China-US trade talks would achieve a bre
akthrough, the United States has not only intensified the trade dispute but also ensured both sides take a knock.
trade, they could decline by 0.134 percent, 0.323 percent and 0.869 percent. Th
e US tariff hikes therefore will increase the economic pain of the US and world economies.
Agricultural products, chemicals and chemical products, textiles and g
arments are the main US items targeted by China’s higher tariffs. But despite the higher tar
iffs providing some protection for domestic industries, Chinese consumers might have to pay more to purchase them.
In the first four months of this year, the volume of Sino-US trade dropped by 15.7 percent to $161.23 billion. In terms of product
structure, US exports of raw materials and foods to China saw the biggest decline, among which the export of so
ybeans plummeted by half in March compared with the same period last year. And US exports of plant products, mi
nerals, jewelry and precious metals declined by more than 85 percent in the first quarter.