MNI China Press Digest, May 18: Expansionary Policies, 5G

     BEIJING (MNI) - The following lists highlights from Chinese press reports

on Monday:

     China is expected to unveil another raft of expansionary fiscal and

monetary policies to stimulate domestic demand, Economic Information Daily

reported. Citing Wang Qing, the chief macroeconomy analyst with Golden Orient

Ratings, the Daily said the supply side recovers faster than the demand side in

China. Wen Bin, the chief analyst with Mingsheng Bank, told the newspaper that

the central bank should make more cuts to the reserve ratio at an appropriate

time to lower financing costs in the economy.

     China has activated more than 200,000 5G stations, Chen Zhaoxiong, a vice

minister of Industry and Information Technology (MIIT) said on Sunday. The

Beijing Youth Daily reported that the two largest state-owned carriers - China

Mobile and China Unicom - aim to build 550,000 5G stations in 2020. The MIIT

will encourage carriers to provide more subsidies with the aim of attracting

customers to upgrade and purchase new 5G mobile phones, the newspaper said.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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