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As 5G radio waves travel at much higher frequencies, and so have less range, the density of 5G base stations will have to be far higher than 4G, just to cover the same area, meaning that total spending on 5G will be far higher than that of 4G, Wang added.

As Chinese buyers had purchased cheap crude cargoes for May delivery, Li said there is still opportunistic buying to be had to capitalize on low crude costs. It is an opportune time to stockpile for China, whose crude storage at present is below target, she said. ICIS said crude imports in the country are projected to grow in 2020 at a slower rate of 7.6 percent from the 9.5 percent pace recorded last year.

As China is keen to steer the economy toward innovation and technology-driven high-quality growth through effective reforms, automaker Volkswagen AG spent 1 billion euros (.12 billion) in late May to acquire a 50-percent stake in a subsidiary of Anhui Jianghuai Automobile Group Corp, or JAC.

Artificial intelligence has a big role to play in empowering the traditional education system, its concepts and pedagogy, experts and scholars said during a sub-forum of the World Artificial Intelligence Conference in Shanghai on Friday.

Apple is to release the financial results for the quarter ending December 2018 next Tuesday. Over the past few weeks, analysts have cut their forecasts for iPhone sales, although Apple had said it would stop disclosing the number its iPhone sales and hoped investors to focus more on the revenue.