policies for residence permits and financial incentives to lure more talent.
For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua
tes with master’s and doctoral degrees, respectively, after they work in the city for three years.
Haikou, capital of Hainan province, is attracting college students with a monthly rent s
ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.
Employment, especially some groups such as college gradu
ates and demobilized military staff, remains a priority to the government.
Premier Li Keqiang said at a teleconference on May 13 that employme
nt pressure will be felt this year by a larger number of college graduates. However, promotin
ong the country’s top development priorities in the telecommuni
cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te
chnology, said on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit
e the commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has a
lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is
expected to hit the market in June, despite challenges involving the United States.
Also on Friday, shortly after the US said it would ban Huawei from buying US t
echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said