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Rollout of 5G licenses ahead of scheduleones are display

The Minis贵族宝贝品茶微信try of Industry and Information Technology on Thursday officially rolled out commercial 5G lice

nses, marking a key step toward a crucial period for the next-generation 5G commercial use.

The ministry granted the 5G licenses to the nation’s three major telecom carriers — China Mobi

le, China Telecom and China Unicom — as well as State-owned China Broadcasting Network Corp.

Minister of Industry and Information Techno

logy Miao Wei said China welcomes foreign companies to actively participa

te in the construction of its 5G market and share in the benefits generated in the market.

The move marks an accelerated push by China to apply 5G. Its previous plan was to commercialize the technology in 2020.

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5G is not just a faster 4G. It will fundamentally reshape

 how enterprises run businesses and overhaul a wide range of industries by using data to create more value,” Lu said.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the global econo

my amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Forei

gn institutions with advanced performance in risk management, credit rating, consumer finance, endowments an

d health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic

recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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He added that the Prism event and Alstom case have show

n a written instruction released on Friday, President Xi Jinping called on society to ca

rry forward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era.

Xi is also general secretary of the Communist Party of Chin

a Central Committee and chairman of the Central Military Commission.

Zhang, a native of Shaanxi province, behaved courageously in the Liberation War in 1948, repea

tedly achieving military glory. He retired from active service in 1955.Over the following dec

ades, he kept his battle achievements a secret, even from his children. His story was made public at the end of last year, a

s information about veterans nationwide was being collected by the authorities.

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Another major problem is that the return on equity in the

infrastructure sector is a mere 3 percent while that in the US capital market is about 12 percent. So how can the US attract more private capital to the infr

astructure sector without guaranteeing a return on equity equal to that in the capital market?

US suffering from a financial Dutch disease

The US’ monetary hegemony is itself a big impediment to the reindustria

lization process, which could be viewed as a sort of financial Dutch disease-the apparent causal

relationship between the increase in the economic development of a specific sector and a decline in other sectors. The mor

e heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly redu

ce the trade deficit with China and deny Chinese investors access to its market all at the same time.

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The collaboration aims to make areas along the initi

ative safer, more sustainable and disaster-proof, according

to the declaration published during the two-day International Conference on Silk-road Disa

ster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reducti

on Day, an annual event which began in 2009 after a devastating earthquake hit Sich

uan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

More than 700 scientists from around 40 countries, regions and international organizations supported the declaration. It reco

mmended actions including data-sharing, investing in disaster risk reduction technologies and in

frastructure, and jointly enhancing disaster preparedness and response protocols.

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Joefe Santarita, dean of the Asian Center at the Unive

rsity of the Philippines, said Asian values promote consensual approach and communitarianism

rather than individualism, and they prioritize social order and harmony as well as respect for elders, disc

ipline and a paternalistic state along with the primary role of government in economic development.

“Asian values are the salient ingredients on how to learn to work togeth

er through trust and consequently promote globalization,” Santarita told China Daily.

He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.

“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied in

the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in co

mmercial partnerships and international trading systems for centuries,” he said.

Santarita said a similar concept can also be found in other Asian count

ries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

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Three years ago, Zhao read about a hover surfboard i

 Canada, and that was when his “flying motorbike” fantasy became more of a reality.

Despite his enthusiasm, Zhao’s road to success was by no means smooth. He experienced c

ountless failures while trying to make the manned aircraft airborne during 1,559 flight tests. Zhao eve

n had to sell his apartment and borrow money from friends in order to continue his project.

He named the drone Jindouyun, or “Magic Cloud”, which was a flying cloud used

by fictional superhero Monkey King, a character from the Chinese classic Journey to the West.

He claims the lithium-battery-powered scooter can spend up to 30

minutes in the air, has a top speed of 72 kilometers per hour and can reach a height of 3,000 meters.

Zhao believed that the manned drone could prove to be an effectiv

e solution to ease traffic congestion, as well as for use by the fire departments or security forces.

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He visited China for the first time in 2001, where he noticed tha

“It’s such a difference visiting today to see so many different animate

d productions being done in China. Chinese writers, directors and animators ha

ve really jumped into rich storytelling and created really fascinating worlds that the global audience will enjoy seeing,” he says.

Over the past eight years, D’Ambrosia has overseen production of such popular Disney Junior’s shows such as the Emmy Awar

d-winning Sophia the First and The Lion Guard, which is based on Disney’s Oscar-winning 1994 film The Lion King.

Speaking about the key to appealing to children aged between 2 and 7

, he reveals that the tales his team creates are built on down-to-earth research.

“We actually do go into preschools and talk to children about the stori

es and the characters. So we find their words very valuable and adapt our stories to make su

re that they not only comprehend the stories but also relate to the aspirations of the characters,” says D’Ambrosia.

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Usually, when we have become established in a second

tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve

ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said.

About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe

s on household items, luxuries, entertainment and travel, according to a report on this age group rec

ently released by the Central Committee of the Communist Youth League of China.

“They also like quality products, good brands and are interested in being trendset

ters,” said Sun Hongyan, a researcher at the China Youth and Children Research Center.

Sun, the main author of the report, said 35.5 percent of small-town youths use mob

ile phones or electronic devices that feature the latest designs from well-known brands.

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A purported doctor who goes by the alias Dahanc

chengxiang recently wrote a WeChat article saying he often encountered patients who fell for the fake adverti

sements, wasted money and treatment time and thus missed the opportunity to be cured.

The netizen also strongly opposed Li’s nomination shortly after the announce

ment, saying in an article that Li was morally unqualified because of Baidu’s insufficient regulation of adver

tising. The article went viral on social media but was removed over complains of libel by Baidu.

Li would not be the first controversial engineer to become an acade

mician, which carries perks such as stipends and medical se

rvices. In 2011, the public was outraged when Xie Jianping, a chemical engineer who created less harmful to

bacco products, became an academician of the Chinese Academy of Engineering.

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