The British government's decision to ban Huawei's involvement in 5G networks is "a hammer blow" to the country's ambition to become a global 5G leader, an industry analyst warned Tuesday.
The latest customs data shows that China's foreign trade has gained steady recovery from the COVID-19 pandemic as the imports and exports both rose remarkably year on year in June.
Travel agencies in China have been given permission to resume group tours that cross provincial borders, following a period of suspension due to the COVID-19 epidemic, the Ministry of Culture and Tourism said in a circular on Tuesday.
China's State Council on Tuesday released a regulation on ensuring timely payments to small and medium-sized enterprises (SMEs), according to a decree of the State Council signed by Premier Li Keqiang.
Chinese technology company Huawei said Tuesday that the British government's move to ban the company's involvement in the country's 5G networks is a "disappointing decision" which "threatens to move Britain into the digital slow lane, push up bills and deepen the digital divide."
China will further crack down on illegal activities in the shadow banking sector as part of efforts to contain financial risks, the country's top banking authority said on Tuesday.
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