With the central government contemplating issue of special bonds soon, local governments are expected to aggressively increase debt to spur growth. The PBOC will continually cut interest rates, including the benchmark deposit rate if necessary, to ease the debt burden for both the government and corporates, said Ming.
With more aggressive tax cuts to take effect soon, the growth of government income will be slower in coming months-down from 6.2 percent in 2018-which will broaden the fiscal deficit, said Li Dawei, deputy head of the ministry's National Treasury Department.
With nearly 41 million disabled or semi-disabled senior citizens, the country should have at least 13 million elderly nursing staff according to international standards. However, there were less than half a million elderly care professionals in 2017, with only 20,000 of them certified, said the newspaper citing a report from Beijing Normal University (BNU).
With nearly 70 million people and .5 trillion GDP, it is economically bigger than Australia. Guangdong alone exported 0 billion in goods last year. Three of the world's 10 busiest container ports are in the region. Forbes called it "Silicon Valley on steroids."
With regard to Tencent's overseas business expansion strategy, Ma disclosed that smart retailing will be a priority as millions of Chinese people travel overseas and make purchases using mobile payment.
With the Tokyo Summer Olympics in 2020, concern has risen about the safety of athletes and spectators.
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With the number of COVID-19 deaths topping 70,000 in the United States, the federal government has come under increasing pressure over its handling of an outbreak that accounts for more than a quarter of the reported worldwide loss of life to the virus.
With regular epidemic control measures in place, the tourism market basically recovered to 50-percent of the level in same period last year, Wang Xiaofeng, an official with the Ministry of Culture and Tourism, said at a press conference.
With its Buick GL8 being one of the most popular business choices, GM is offering the smaller GL6 that is designed to meet family use.
With the sounds of wolf howls and dog barks blaring, the loudspeaker is part of Lei's arsenal to fight egrets.