UnionPay is one of the most widely accepted payment network around the world, with card acceptance in over 174 countries and regions, he said.
Under the previous monetary policy, China's money supply was largely based on the amount of foreign exchange reserves it had. As the amount of RMB put on the market was largely dependent on dollar inflows and outflows, the PBOC's power over money supply was effectively controlled by the US Fed.
Under China's current leader Xi Jinping, Taylor believes the world will see the strengthening of the Chinese Communist Party's leadership and expansion of economic development.
Under the document, the Chinese company will modernize a 22.3-kilometer-long section of the highway near Ukraine's northern city of Zhytomyr, expanding the road from two into four lanes in one direction.
Under China's Tort Liability Law, people who throw objects or are responsible for falling objects should compensate victims for injuries or damages.
Undergraduate education reforms to boost talent
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Under the negative list-based approach, fields not subject to the negative list are now administered by "filing for record" management.
Under the theme of "Creating New Dynamism, Fostering a Shared Future," Vietnam set four priorities during its rotating APEC chairmanship this year - promoting sustainable, innovative and inclusive growth; deepening regional economic integration; strengthening micro, small and medium enterprises' competitiveness and innovation in the digital age; and enhancing food security and sustainable agriculture in response to climate change.
Under the area's development plan, a major transportation network should be in place in Xiongan by 2020. The area will be well connected to Beijing, Tianjin and other cities in Hebei by 2022, when the Winter Olympic Games are held, according to Xinhua.
Under Beijing's planning of storing historical blocks, the city authorities urged to keep the traditional characteristics and put traditional culture and intangible cultural heritage under protection.