Anonymous ID: 22abe7 Dec. 1, 2018, 7:06 p.m. No.4109047   🗄️.is 🔗kun

http://www.xinhuanet.com/english/2018-12/01/c_137644355.htm

CHONGQING, Dec. 1 (Xinhua) – China's first global mobile satellite communication and internet space project via low earth orbit (LEO) satellites has been launched in southwest China's Chongqing Municipality.

The project has drawn an investment of about 20 billion yuan (about 2.9 billion U.S. dollars) for its first phase, making it the largest investment for a single commercial aerospace program in China, according to the China Aerospace Science and Technology Corporation, which co-founded a company in charge of the project.

The project features hundreds of LEO satellites and a global data processing center, which can help realize global two-way communication in real time under complicated geological conditions 24 hours a day upon completion.

The project is expected to boost development of other sectors, including chips, terminals, system integration, operations and training of talent, said a source of China Aerospace Science and Technology Corporation.

Anonymous ID: 22abe7 Dec. 1, 2018, 7:17 p.m. No.4109121   🗄️.is 🔗kun

https://www.scmp.com/economy/china-economy/article/2175987/trump-and-xi-agree-trade-war-truce-and-no-extra-tariffs

US President Donald Trump and Chinese President Xi Jinping reached a trade war truce on Saturday at the G20 summit in Argentina, Chinese officials have confirmed.

Trump and Xi agreed to not add additional tariffs on each others’ products, Chinese Foreign Minister Wang Yi told reporters.

The deal means Washington has agreed not to raise tariffs on US$200 billion of Chinese goods as it had planned to do on January 1. However, the existing 10 per cent tariff rate will remain in force.

It was unclear whether the agreement not to levy further tariffs was temporary or permanent, but Wang said the two sides would continue talks on removing all existing tariffs.