The report added 5G functions will raise costs; if the raised cost is reflected in the price of smartphones, it may lower consumers' purchasing and hurt sales.
The regulations, drafted by the Ministry of Industry and Information Technology, are expected to allow more tests of self-driving vehicles on public roads in different cities across the country and lower Chinese companies' costs of acquiring high-quality data, said Gong Zheng, an engineer at the China Academy of Information and Communications Technology, a think tank affiliated with the ministry.
The regulatory authorities said financial institutions should create rational investment strategies and algorithm models, as well as remind investors of the flaws and risks associated with algorithm-based robo-advisory models.
The report said that sealed-lead-acid batteries, which are relatively cheaper compared to other types of batteries, can be manufactured with relatively lower technology equipment, which in turn, is projected to keep their high demand through 2025.
The report attributed such willingness to spend to the group's optimism on their future prospects since most grew up with improved income during China's rapid economic growth and continual urbanization.
The regions also were forecast to see brief but strong bouts of rainfall, with hourly precipitation of up to 6 centimeters, and some were expected to see gale-force winds and thunderstorms, the national observatory said.
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The regulatory change is among a series of actions taken to further open China's market.
The renminbi weakened 0.3 percent against the US dollar as the daily trading reference reached 6.5867 on Thursday and it closed at a spot rate of 6.5934. The currency has depreciated by 1.34 percent from the 16-month high on Sept 11. It strengthened 2.6 percent against the dollar in two weeks of late August and early September.
The report highlights past progress against these most devastating issues affecting poor countries.
The relationship between India and China sets an example of how different civilizations should coexist and communicate in peace and friendship, he said.