Skip to content
ong the country’s top development priorities in the telecommuni
cations industry,” Zhang Feng, chief engine
er of the Ministry of Industry and Information Te chnology, said on Friday during the World Telecommunication and Information Society Day.
lled for accelerated efforts to set standards in key areas, including 5G, to expedit e the commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has a
veiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.
Also on F
riday, shortly after the US said it would ban Huawei from buying US t echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said
various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int
erests, and also guide the public in voicing
their concerns in a law-based manner to maintain social order. Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri
s well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said. Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec
of the use of power in law enforcement as well as the supervision over such powers. Efforts should be made to help the public feel fairness and justice in every case, Xi said.
He also u
rged public security staff to improve their work so that human rights can be guarant eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.
Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we
re made available for the first time. The fundra
ising will help supplement a broader fiscal deficit this year, analysts said. On Monday, individuals in China were able to purchase bonds issued by t
ng provincial government (five-year term, 3.32 percent coupon rate) and the N ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc
ording to a notice on the website of China Central Depository and Clearing, a clearingh
ouse under the central bank. The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu
ed by commercial banks. Previously, individual investors could only purchase bonds iss
ued by the central government, kno wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.