China grants 5G licenses to 4 companies

China grants 5G licenses to 4 companies

China's Ministry of Industry and Information Technology on Thursday granted 5G licenses for commercial use.

Macro

Financial risks generally controllable in China

Financial risks generally controllable in China

The liquidity of China's financial market has been sufficient with financial risks generally controllable, according to the central bank.

Financials

Companies

Huawei obtains 46 commercial 5G contracts in 30 countries

Huawei obtains 46 commercial 5G contracts in 30 countries

Chinese telecom giant Huawei Technologies Co. Ltd. said Thursday that it had obtained 46 commercial 5G contracts so far in 30 countries globally.

Electric car maker BYD to build battery gigafactory in Guangzhou

Electric car maker BYD to build battery gigafactory in Guangzhou

China's new energy vehicle manufacturer BYD's battery gigafactory project settled in the southern Chinese city of Guangzhou Sunday.

China fines Changan Ford for vertical monopoly agreements

China fines Changan Ford for vertical monopoly agreements

China's State Administration for Market Regulation announced Wednesday that it has imposed a fine of 162.8 million yuan on automaker Changan Ford Automobile Co., Ltd for implementing vertical monopoly agreements.

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