China races ahead of West in pursuit of 5G

Standards and prices work in country's favor as launch of new tech nears

TAKASHI KAWAKAMI, Nikkei staff writer

GUANGZHOU -- As the advent of fifth-generation wireless technology approaches, Chinese companies look to leverage their technological and price advantages to come out on top, even as Washington works to shut them out of the U.S. and other markets.

At the World Internet Conference held in November in Wuzhen, Zhejiang Province, Xiaomi CEO Lei Jun said excitedly that this company hopes to announce a 5G-compatible smartphone next March or April.

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