In 2016, only 17 percent of new drug applications in China were granted fast-track review, and in 2018, the figure rose to 74 percent.
In April, the NPC Standing Committee adopted a legislative work plan to strengthen public health-the first time that the top legislature formulated a plan for making laws and amendments for a particular sector.
In 2017, draft guidelines unified rules covering asset management products issued by all types of financial institutions, requiring them to set leverage ceilings.
In April, a new policy made it possible for overseas yachts to enter waters off Hainan island and its adjacent scenic spots with temporary approval from the Hainan provincial authorities, the first province-level area to manage the entries directly.
In 2018, UOB helped 50 percent more Chinese companies expand into ASEAN compared with 2017. This support resulted in a 31 percent increase in cross-border business flows over the same period.
In 2019, industrial output expanded 5.7 percent year-on-year, with the production in high-tech manufacturing industries and strategic emerging industries increasing by 8.8 percent and 8.4 percent, respectively.
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In 2018, Beijing collected 9.3 million metric tons of household waste, according to local authorities.
In 2017, a total of 598 million trips were made by people entering or leaving China’s borders, with 7.3 percent of them, or 43.75 million trips, coming from Shanghai’s airports and sea ports.
In 2018, Huawei shipped over 200 million smartphones and it said earlier that the Shenzhen-based company is likely to ship about 230 to 250 million smartphones this year.
In 2019, the local government issued a series of preferential policies, including establishment of an industrial foundation of hydrogen energy, to boost the development of the hydrogen energy industry.