Hello everyone! Welcome to our English news! Now the desk news:
Brazil signs agreement with China and others to obtain 5G technology;
Li pledge improved climate for businesses
China's May CPI up 1.5%, PPI up 5.5%;
Britain's May on course to lose majority in British parliament: exit poll
Let`s come to the first piece:
RIO DE JANEIRO - The Brazilian government has signed an agreement with China, the EU, the US, Japan and South Korea to bring 5G cellphone technology to the country, official sources announced Thursday.
In a statement, the Ministry of Science and Technology said the agreement had been signed by Project 5G Brazil, made up of 18 government entities, companies and research centers, with participation of the Ministry.
"With this, Brazil enters into the select team which assumes the leadership of developing fifth-generation mobile technology," said the Ministry's Secretary for Information Policy, Maximiliano Martinhao.
"Brazil has been claiming an ever more important place in international debates about the development of information and communications technology. This shows that we have taken the correct decisions in terms of investing in research and development projects in this field," stated Martinhao.
According to the research, 5G networks are expected to theoretically allow users to download hundreds of hours of video within minutes.
the second piece:
Premier Li Keqiang has pledged to make doing business in China more inviting by facilitate overseas investment and widening market access to the world's second-largest economy.
He said China, with its huge market potential, wealth of talent and growing industrial strength, will not only benefit national companies' investments but also create opportunities for joint exploration of third-party markets and cooperation.
China will also work to better protect intellectual property rights and further promote the use of negative lists for a more convenient policy environment for overseas investors. Negative lists specific areas where investment is prohibited — all other areas are presumed to be open.
By October 2016, reforms meant that about 95 percent of items that required approvals in China had been replaced by registration.
An annual report issued on Wednesday by the United Nations Conference on Trade and Development said the US, China and India have the best prospects for foreign direct investment.
The third piece:
BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent in May, the National Bureau of Statistics (NBS) said Friday. The CPI expansion in May is in line with estimates. It quickened from April's 1.2 percent, March's 0.9 percent and February's 0.8 percent. On a monthly basis, however, the CPI declined 0.1 percent, according to the NBS. Of the 1.5-percent CPI growth in May, 1 percentage point was contributed by the carryover effect of price increases last year, NBS senior statistician Sheng Guoqing said.
China's producer price inflation continued to ease in May as commodity price declines dragged down factory-gate costs, official data showed Friday.
The producer price index (PPI), which measures costs of goods at the factory gate, rose 5.5 percent year on year last month, according to the National Bureau of Statistics (NBS).
The pace retreated from the 6.4 percent growth registered in April and 7.6 percent in March. The index increased 7.8 percent from a year ago in February, the fastest since 2008.
the last piece:
British Prime Minister Theresa May is on course to lose her overall majority in the British general election, according to an exit poll released as soon as voting finished Thursday night.
The poll, commissioned by Britain's main broadcasters, showed May's Conservatives would have 314 seats, losing 17 seats and the overall majority she had before the election. She needs to win at least 326 seats to claim an overall majority in the House of Commons.
It will be early hours Friday before the result is confirmed, but similar exit polls carried out at the previous two general elections in Britain came very close to predicting the results correctly
Counting of millions of votes started soon after ballot boxes were delivered to counting stations, with the first declarations likely before midnight.
That`s the end of our English news. Thanks for your listening! This is ! This is Juddy! Have a good day! Goodbye! Bye!