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China starts 3rd phase of 5G tests

The industry regulator has called for more efforts to upgrade testing environments and a bigger push to experiment with more 5G-enabled applications

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China has started the third phase of 5G technology research and development tests, ahead of schedule, as the country accelerates steps to gain a lead in the race toward commercializing the next-generation communication technology.

The move came as China Mobile Communications Corp and Huawei Technologies Co Ltd showcased the world’s smallest 5G testing terminal on Friday, indicating that the country will pioneer the world in 5G research and development.

Current round to help country gain an edge in early tech adoption

The Ministry of Industry and Information Technology said the third phase of technical tests aims to get pre-commercial 5G products ready when the first version of 5G standards comes out in June next year.

The industry regulator has called for more efforts to upgrade testing environments and a bigger push to experiment with more 5G-enabled applications, with added focus on the integration of chips, systems and other instruments.

Previously, officials said the third phase tests would not start until next year. The country had concluded the second phase of tests earlier this year, with contributions from both domestic and foreign companies such as Huawei, ZTE and Ericsson.

On Friday, China Mobile and Huawei also showcased the world’s smallest 5G testing…

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China

GM sells Thai factory to Chinese automaker GWM

After 20 years of operation in Thailand, General Motors will cease its activities, and resell its factory to the Chinese manufacturer Great Wall Motors

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General Motors (GM) announced it will stop selling Chevrolet vehicles in Thailand and sell its Rayong plant to Great Wall Motors (GWM) by the end of this year.

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Banking

Governments most exposed to coronavirus have strong fiscal and external buffers

Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.

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As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.

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China

In China, an Unprecedented Economic Transformation

China has been undergoing an economic transformation unlike any other on the planet through an Industrial Revolution, urbanization, and an information age o experiencing all three simultaneously.

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HONG KONG, Dec 19, 2019 – (ACN Newswire) – Lei Zhang’ 02 is investing in Chinese companies during an extraordinary moment in history, he told students at Yale SOM.

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