China government

FCC chief seeks to block China Mobile from operating in U.S.

China Mobile logo near 5G antenna
China Mobile 5G experience area in Shanghai, China. Photo: Wang Yadong/VCG via Getty Images.

Federal Communications Commission chairman Ajit Pai is recommending, per executive branch agencies, that the FCC deny China Mobile's application to provide telecommunications services in the U.S. due to concerns about national security and law enforcement risks.

Why it matters: It's the first time executive branch agencies have recommended that the FCC deny such an application to interconnect with U.S. communications infrastructure, FCC officials said Wednesday on a call with reporters. The move represents a further escalation in the slow-building conflict between the U.S. and China over telecommunications trade.

Stimulus measures boost China's first quarter GDP growth

A Chinese national flag flies at the construction site for new buildings in Beijing's central business district
A Chinese flag at a construction site in Beijing's business district. Photo: Greg Baker/AFP via Getty Images

China's economy grew 6.4% in the first quarter of 2019 on an annual basis — the same pace the economy grew in the previous period and below the 6.8% seen in last year’s first quarter — exceeding analysts' 6.3% growth estimate, the government said Tuesday.

Why it matters: The better-than-expected GDP growth is the latest economic indicator to surprise to the upside after the economy was feared to be slowing as recently as December. It has previously been accused of providing inaccurate statistics.