Month: May 2019

At present, 5G has become the driving force to boost Ch

hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing. “Beijing is actively transforming itself as a national scientific and tech nological innovation center. With advantages in complete telecom infrastructure, abunda nt talent and strong research and…

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No evidence was found to show Chinese monetary

 authority intervention in foreign exchange markets over the past se veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curre ncy manipulation to…

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ale Zhang, managing director of Shanghai-based con

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable. Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro und 1.5 million electrified vehicles, most of them pure…

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