There’s a widely accepted method to interpret China’s official announcements: the shorter the news, the heavier it is. Today, in one concise sentence, the Ministry of Industry and Information Technology, China’s telecom regulator, announced that it will “soon grant 5G licenses for commercial use.”
That’s according to the Communist Party newspaper People’s Daily. TechCrunch reported four months ago that China planned to “fast-track” the commercial use of the next-gen networking technology at a time when Huawei, the champion of the country’s 5G development, faces mounting pressure in the west as the U.S. lobbies its allies not to use Huawei technologies.
The Chinese firm is selling a majority stake of its undersea cable division weeks after the Trump administration blocked it from doing businesses with American companies.
The Chinese firm manages to find allies in other parts of the world. … Read the rest