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.
urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate
d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday
Lu also announced other measures to develop China’s commodity fut
ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open
up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s
ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n
ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai
d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of
If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider
technologies, they may never see it. Because Huawei is a dramatically different kind of business.
The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over
time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat
her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter
view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.
That may be why, even after Google barred Huawei from some Android featur
es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may