Stephanie Cooke
Starting on July 1, Hainan increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person. The categories of duty-free goods have been expanded from 38 to 45, with some electronic products such as mobile phones and laptops added to the duty-free list.
Starting from 2017, banks have strengthened their efforts to develop their consumer loan products. As the pricing of consumer loans is usually based on personal credit rather than collaterals, banks must have a strong risk pricing ability, so fintech companies have stepped in and have had a huge effect on the sector, said Sophie Jiang, a banking analyst at Nomura. "The rise of fintech in 2016 and 2017 has provided a great opportunity for banks to enter the consumer loan business with the help of financial technologies, under the premise that the cost and risks of such business are controllable.
State Council issues blueprint aimed at developing unified nationwide market
Starry Lee Wai-king, chairwoman of the Democratic Alliance for the Betterment and Progress of Hong Kong, called it a bold commitment to improve people's livelihoods.
Statistics from the National Development and Reform Commission showed that the cost of logistics in China took up about 14.9 percent of GDP in 2016, down by 1.1 percentage points from the previous year.
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Starting June 26, subsidies to NEV buyers decreased as much as 58 percent, according to a document released by the Ministry of Finance.
Starting in Fujian province's Zhaoan county, the road will extend west and finish in Hepu county, Guangxi Zhuang autonomous region.
State-owned firm sets tone for other airlines to survive and thrive amid the pandemic
Statistics show that electric cars had an average range of 160 km in 2015 with the figure rising to 350 km last year, while power consumption per 100 km fell from 17 kilowatt-hours to 14 kilowatt-hours.