5G is not just a faster 4G. It will fundamentally reshape

 how enterprises run businesses and overhaul a wide range of industries by using data to create more value,” Lu said.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the global econo

my amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Forei

gn institutions with advanced performance in risk management, credit rating, consumer finance, endowments an

d health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic

recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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