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Voice Broadcast

May 05, 


China News

3 minutesKnow China


China is ratcheting up efforts to accelerate the commercialization of superfast 5G technology as it has built 198,000 5G stations and secured more than 50 million 5G mobile subscribers nationwide as of the end of March, the nation's top industry regulator said.


The number of online live-streaming service users in China had reached 560 million as of March 2020, accounting for 62 percent of the country's total number of internet users, according to a report on China's internet development.


Chinese authorities unveiled a slew of measures to stabilize and expand car consumption, amid efforts to ensure the stable and normal operation of the economy, said an official circular Wednesday.


China's service trade fell during the first quarter of the year due to the novel coronavirus epidemic, but the trade structure has kept improving with a narrowing deficit, data from the Ministry of Commerce (MOC) showed Saturday.


Agricultural Development Bank of China, one of the country's three policy banks, will issue up to 50 billion yuan (about $7.14 billion) worth of loans to Hubei province this year to support its epidemic response and economic recovery.


China-Europe freight rail service has hit a monthly record high in April as it plays a bigger role in maintaining the global supply chain amid the novel coronavirus pandemic, according to the country's top railway operator on Saturday.


The China National Offshore Oil Corporation (CNOOC), the listed unit of the largest producer of offshore crude oil and natural gas in China, reported decreased revenue for the first quarter of 2020.

SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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