Skip to content
in a statement that its products are ready for commercial use and it will acti
vely participate in the commercial deployment and construction of 5G netw
orks in China, and will work closely with industry partners to actively promote the application of 5G.
China is set to become the world’s largest 5G market by 2025, with 460 million 5G users, according to a forecast by the Glo
bal System for Mobile Communications Association, an industry group.
The country’s telecom carriers are expected to spend 900 billion
to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network
construction from 2020 to 2025, according to a report from the China Academy of Information and Co
mmunications Technology.China’s Dragon Boat Festival, or Duanwu, is just ar
ound the corner. Also called the Double Fifth Festival, the holiday, which falls on J
une 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.
oqiang gives visitors a glimpse of modern Chinese art. Created specially for this exhibition, hig
hlight pieces include the monumental installation of 10,000 suspended porcelain birds.
Spiraling over visitors’ heads, the birds create a three-dimensional impression of a calligraphic drawing o
f the sacred Mount Lishan, the site of the ancient tomb of China’s first emperor, Qin Shihuang, and his warriors.
Cheng Jingye, Chinese ambassador to Australia, said at the preview ceremony that the exhib
tion represents another highlight in this year’s China-Australia cultural-and-arts exchange.
“I know that the Terracotta Warriors are very familiar with the
journey to Australia,” he says. “In 1982, to celebrate the 10th anniversary of the establishment of d
iplomatic relations between China and Australia, Australia was chosen as the destinatio
Three officials in Wuxi, East China’s Jiangsu province, have been given Party and administrative
punishments on Thursday over an inappropriate question about whether kindergarten children wer
e involved in gangs, the local government said on its official Wechat account.
According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party ch
ief of the Xishan Education Bureau, has been given the punishment of warning within the Party.
Wang Zhaoyu, director of the educational bureau’s general office, has been given a serious war
ning within the Party and removed from office. Lu Zhongxian, director of the bureau’s educational equ
ipment and student aid management center, was also given a serious warning and dismissed.
et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at
tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.
According to Guo, the short-term fluctuation of the RMB exchan
ge rate was normal, and the depreciation will not last long given the stable economic growth base.
“Any speculative activities to short the RMB will suffer huge losses,” he warned.
The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou
nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address