Lu Yong, vice-president of Huawei Technologies Co, said China’s d
igital economy has thrived on the basis that China has built the world’s largest 4G network.
“5G is not just a faster 4G. It will fundamentally reshape how enterprises run busine
sses and overhaul a wide range of industries by using data to create more value,” Lu said.
Foreign Ministry spokesman Lu Kang reiterated on Monday that China
has been holding a consistent position in trade frictions with the United States, say
ing the differences should be resolved through friendly consultations and negotiations.
Lu’s remarks came as US President Donald Trump said in Japan that the US isn’t ready to make a trade deal with Ch
ina, but he’s leaving open the possibility that the two nations could strike an agreement someday.