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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ZTE Corp, another Chinese telecom gear vendor,also said

 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.

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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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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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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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Among his precious collection are Tibetan incense

and hada from Tibet autonomous region, shawls from Kashmir, hangs of cloisonnéenam

el from Beijing, Yengisar dagger from Xinjiang Uygur autonomous region, and a CD of exotic music.

“My favorite souvenirs are unique and distinctive objects. Stereotyped souvenirs at diffe

rent destinations will fail to attract visitors and even dampen the impression of a special attraction,” said Shi.

Zhou Weihong, deputy general manager of Spring Tour, a part of the Shanghai-based Spring Group, sai

d the cultural and geographical values of local souvenirs are neglected in many cases, adding that the expe

rience of overseas travel-related products can be a benchmark for Chinese souvenirs.

“In Japan, tourism souvenirs have a strong geographic characteris

tic, and they are made at a particular place, and can be bought only there, nowhere else. In

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I was very much impressed by President Xi’s speech.

He mentioned China has come to the stage of harmonious development between man and nature.

We feel China is now beginning to attach importance to the natural

environment, so everyone can have a better living environment and the lives of the Chinese pe

could not agree more with President Xi on the great importance of green development and preservation of nature.

The state of the natural environment affects every living being, as well as the lives of future generations.

For instance, if one doesn’t take care of one’s eyes, one’s eyesight might reduce.

And if one disregards the quality of air one breathes, reduction might occur to one’s lifespan.

Thus green development is the cornerstone of the future.
We think this is a good thing.

The Chinese government is more concerned about the lives of ordinary people, and

the government will balance the development of industry and the quality of people’s lives.

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kely to attract millions of people across Chin

to skiing, skating and other winter sports, which in turn will promote more national and int

ernational winter sports events. With the aim to better develop winter sports, governments at all levels shou

ld issue policies to encourage more people, in particular, teenagers, to follow and play winter sports.

Besides, the government should learn from the experiences of Nordic countries how to increase the popularity of winter sports.

Li Hai, director of the School of Economics and Management, Shanghai University of Sport

Concerted efforts to develop winter sports

Winter sports have become increasingly popular in recent years, especially after China won the bid to host the 2022 Winte

r Olympics, creating a huge opportunity for the development of the winter sports industry.

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New films features scenes featuring iconic French cathedral

Chinese romance which opened across the country on April 19, has some scenes shot in Paris, including the Notre Dame Cathedral.

The film, directed by Huo Jianqi, a renowned figure among China’s “Fifth Gene

ration” directors, features supermodel-turned actress Du Juan and actor Chen Xiao.

During a recently promotional screening, director Huo says the film examines the meaning of love and marriage.

In the movie, there are several scenes featuring the lovebirds shown against the backg

round of the Notre Dame Cathedral, which was damaged in a fire on April 15.

The film, based on a short story penned by journalist An Dun, the features a violinis

t and an interior designer, who encounter each other in a museum in Paris and soon fall in love.

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