Chinese job market boosted by 5G

first_img Asia AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 21 OCT 2019 Telkomsel turns on 5G in major cities Related Nokia scores Philippines 5G deal with Dito Tags Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Yanitsa Boyadzhieva center_img 5GChinaeconomyjobs HomeAsiaNews Chinese job market boosted by 5G Previous ArticleXiaomi plots 5G device ramp in 2020Next ArticleChina Unicom profit climbs despite mobile weakness Singtel lights SA 5G network Chinese operators have yet to launch commercial 5G services, but the technology was tipped to have already made a significant contribution to the nation’s economy by providing growing opportunities on the job market.Online recruitment platform Zhaopin stated jobs related to the technology grew ninefold between January and May compared to the same period in 2018, South China Morning Post (SCMP) reported.The growth of job openings was valued 806 per cent year-on-year, with average monthly salary growing 44 per cent to CNY15,644 ($2,212).However, the demand for specialists working in the field of 5G seemed to be far from met, with an increase in job applicants of just 151 per cent for the period.Investment in the new network technology in China is forecast to stand at CNY900 billion to CNY1.5 trillion between 2020 and 2025, SCMP reported, citing data from the China Academy of Information and Communications Technology (CAICT).CAICT also predicted the next-generation mobile technology will generate CNY10.6 trillion in economic value and more than 3 million jobs in the five-year period.In June, China’s Ministry of Industry and Information Technology issued commercial 5G licences to China Telecom, China Mobile, China Unicom and China Broadcasting Network.Operators reportedly signed up more than 10 million 5G subscribers, ahead of commercial launches on standalone infrastructure, which are expected by the close of this month. Subscribe to our daily newsletter Back Authorlast_img read more

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Man Living in a Shack is Saved By His ‘Worthless’ Blanket That Spurs $1.5 Million Bidding War

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreSix years ago, Loren Krytzer was living in a shack and scraping by on $200 disability checks from a car accident in 2007 that cost him his leg and left him out of work when he saw a television segment that would change his life.The native of Liona Valley, California was watching an episode of “Antique Roadshow” when he saw a rare Navajo blanket that was worth half a million dollars. Krytzer was shocked because he happened to own a Navajo blanket that looked identical to the one on TV.According to Krytzer, the blanket had been passed down through his family from generation to generation since his great-grandfather got it in the 1800s. After his grandmother passed away, his mother and sister had “pillaged” the entire house and left nothing behind except for the “dirty” blanket.RELATED: While Fishing, 11-yo Boy Reels in a Purse Lost 25 Years Ago… and Returns it to OwnerUpon seeing the Auctioneers episode, Krytzer took it to several antique organizations only to be turned down. Despite the rejection, the determined amputee took the blanket to John Moran Auctioneers in 2011 – and he found out that he had struck gold.Moran and his team told Krytzer that “conservatively”, the blanket was worth at least $150,000.When Krytzer agreed to put up the blanket for auction, he says that he prayed for at least enough money to get a better house. After a 77-second bidding war, a ferocious bidding war pushed the blanket’s closing price to $1.5 million, which remains today as the most expensive item that Moran Auctioneers ever sold.After taxes and fees, Krytzer was given $1.3 million.“They had to bring over water and stuff to me and wipe sweat off my head,” Krytzer told CNBC Make It. “I started hyperventilating because I couldn’t believe it. … Everything just went limp and I couldn’t catch my breath.”MORE: Fire Forces Man To Sell Good Luck Pearl, Turns Out To Be Worth $100Mil“It was just hard to grasp. I mean, I worked hard my whole life. I was in construction, I never bought anything, I never saved, I always rented. I bought used cars cause that’s all I could afford. I lived paycheck to paycheck my whole life,” he added.So what does such a thrifty man end up doing with such a large amount of money? He invested in some stocks, bought a house in California, married his long-time girlfriend who had stuck with him through thick and thin, and bought himself a nice car.To this day, he still credits the dirty old blanket that sat in his closet as the thing that saved his life.(WATCH the video below)One man saved his own life by selling a rare $1.5 million blanket he’d thought was worthless from CNBC.Click To Share The Inspiring Story With Your Friends (Photo by John Moran Auctioneers)AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

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