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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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Some foreign entities have violated the market princ

nciple and spirit of contract and taken measures to block Chinese companies for non-commerci

al purposes, threatening the safety and benefit of China as well as the global industrial chain.”

“To fight trade protectionism and safeguard China’s national securit

y and legitimate interest of the public, China has decided to make such a list,” Gao said.

The ministry will disclose more details regarding the list in the near future, Gao said.Starting his seco

nd term in office, Indian Prime Minister Narendra Modi has proposed a second China-India infor

mal summit in Varanasi later this year. Varanasi is not only a culturally important city for Indians and one of the olde

st cities in the world but also the constituency that elected Modi to parliament.

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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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The ministry made the remarks after the United States gover

nment late last week ordered its tech companies to cut ties with China’s

Huawei and put a number of Chinese comp

anies on an export blacklist , which makes it almost impossible for listed companies to purchase US-made goods.

Gao Feng, ministry spokesman, said China will

provide consumers in various countries with quality, reliable and diverse products.

The Chinese government is confident it will protect the legitimate

rights and interests of Chinese companies, he said Thursday at a news conference.

The misuse of the state power by the US to suppress Chinese companies not only seriously undermines the commercial cooper

ation between companies on both sides, but poses a serious threat to the safety of the global industrial chain, he said.

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n the case before Mehta, Trump and his business orga

anization sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Orga

nization. Trump’s lawyers accused Democrats of harassing Trump and said the subpoena “has no legitimate legislative purpose.”

Trump’s lawyers, in suing in both Washington and New York in attempt to beat back congressiona

l subpoenas, said congressional investigations are legitimate only if there is legislation that might result from them.

In the New York case, Trump, his business and family have sued Deutsche Bank and Capital One to prevent the fi

nancial companies from complying with subpoenas from the House Financial Services Committee and the House I

ntelligence Committee for banking and financial records. A Wednesday hearing is planned in that case.

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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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weight increase to be implemented at the November 2019 Sem

The MSCI announced Feb 28 to increase the weight of China A shares in the MSCI Indexes by increasing the inclusion factor from 5 per

cent to 20 percent in three steps after an extensive global consultation with a large number of inte

rnational institutional investors, who provided overwhelming support to this proposal.

hina will bolster the integrated development of the Yangtze River Delta with measures to a

dvance innovation-driven development and upgrade its industry chains, the Political Bureau of the

Communist Party of China Central Committee decided at a meeting on Monday.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting, which reviewed a plan on promoti

ng the integrated development of the delta region, according to a statement released after the meeting.

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daily entry, exit trips expected for May Day holiday

The upcoming May Day holiday is expected to see an averag

e of 2.2 million inbound and outbound trips made by Chinese and foreign tourists per day, up 5.9

percent year on year, according to the National Immigration Administration (NIA) Friday.

This year’s holiday, from May 1 to 4, is a day longer than previous years and suitable for outbound long-distance trips, said

the NIA, adding that passenger volumes at major airports in places such as Beijing and Shanghai would increase notably.

It anticipates that the average daily tourist flow at the Beijing Capital Interna

tional Airport and Shanghai Pudong International Airport will reach 79,000 and 107,000 respectively.

The ports at different ends of the Hong Kong-Zhuhai-Macao Bridge a

re expected to see a daily average of 105,000 entry and exit trips during the holiday.

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Online visa applications smooth traveChina DailyUpd

Increasing number of countries going digital when reviewing documents

An increasing number of countries have tapped into the convenience of e-visas to at

tract more tourists from China, the world’s largest source of outbound tourists.

According to tourism insiders, the Japanese embassy in Beijing sa

id on Thursday during a meeting with local travel agencies that it will launch e-visa serv

ices on May 1, allowing applicants to submit their materials online instead of sending paper documents.

“The embassy said that e-visa services may be available in consulates in other Chinese cities next year,” said H

an Zhisu, co-founder and CEO of 666visa.cn, a dome

stic platform where visa applicants can submit materials.Chen Zeyong, CEO of online visa service tigerwing.cn, said the

Japanese government issued 7 million visa stickers for Chinese nationals last year.

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Meitu released its first smartphone on 2013 and then

developed three series including M, V and T, with the smartphone

business revenue once accounting for 80 percent of its total revenue.

The image-editing app developer changed its strategy to social platform on 2018. By the e

nd of February, the monthly active users on Meitu platform reached 119.2 million.

According to Meitu’s financial report, its revenue from internet business increased 26.3 percent year-on-year to 947.7 million yuan ($141.31 million) in 2018, w

ith gross margin from the business surging 134.8 percent to 429.1 million yuan.

However, the firm’s revenue from smart hardware slumped 50

.7 percent year-on-year to 184.38 million yuan last year, and the

total revenue was 2.79 billion yuan, declining 37.8 percent from a year earlier.

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