The rate of increase in ageing population is more rapid in China than most other comparable countries across the globe.
The rate of growth is the fastest among all of China's main trading partners, and the bilateral trade volume is expected to reach 0 billion this year, the ministry said.
The recovery trend in supply and demand has cemented analysts' confidence in China's economic recovery during the rest of the year, given that it has helped address concerns that an economic rebound mainly driven by government-led production resumption would be unsustainable.
The provincial bureau of finance said a total of 485 million yuan ( million) in central government and provincial-level funding has been appropriated so far this year for the home renovation for 36,600 rural households.
The recent growth stabilization has led to a notable rise in overseas investment in domestic fixed income products, the report said.
The reforms over the first two decades-including in agriculture, the household responsibility system, State-owned enterprises, private sector development, establishment of special economic zones, and market reforms-have gradually but consistently moved the economy toward a market-oriented system and prepared for its fuller integration into the international trading system and investment, the paper said.
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The ratio is also relatively low compared with the levels of major economies and emerging countries, the minister said, who expects "no significant change" in the ratio in the coming years.
The public-private partnership is overseen by the Beijing Major Projects Construction Headquarters Office, regulator of the city's major building projects. It will open the bidding process to individual enterprises and consortiums globally at the end of July, with all the bids to be evaluated by late September, according to the office.
The question is how to effectively internalize future returns on an infrastructure project against upfront construction costs exacerbated by the pressing fiscal constraints caused by COVID-19.
The reef has already been subject to several coral bleaching episodes attributed to climate change, when rises in atmospheric temperatures have been followed by increased sea surface temperatures.