Solicitor Kennedy Wong Ying-ho told China Daily the decision reflected the central government's respect of the "one country, two systems" principle.
Song Liang, a leading dairy analyst in China, said the acquisition of Murray Goulburn would give either Yili or Mengniu an edge to secure their dominant positions in domestic market while facilitating their plans to expand overseas with a strong established international brand.
Some Chinese carmakers, including Great Wall Motors, have already started testing.
Song Xiongwei, professor of political science at the Party School of the Central Committee of the CPC(National Academy of Governance), said: "Given the scale of economic activities in a country like China, coordination is very important. The five-year plans are vital method of governance for China to mobilize and allocate resources for society to push forward economic and social development."
Some provinces in China are now faced with two challenges – an aging population and fewer births, which can cause a region to fall behind on its pension payouts.
Sometimes the prices are the same. That was the case with a box of Munchkin bath toys. And, other times, Jet doesn’t have a ton of data and will only compare it to Amazon and not other retailers.
曲靖陆良县人流大概费用
Some long-existing government functions, such as granting licenses and certificates, must be transformed, and the government has to accelerate its efforts at adapting to a market-oriented economy, Li said. Creating a proper relationship between government and market forces has been at the top of the government's agenda in recent years, ha added.
Some 174.41 million rural laborers were working outside their hometowns as of the end of March, up by 1.1 percent or 1.88 million people compared with one year earlier.
Some promising signs can be found in the growth momentum of an array of emerging innovative sectors as data from the National Bureau of Statistics showed that sales of new energy vehicles, integrated circuits and industrial robots grew 56.7 percent, 17.2 percent and 35.1 percent year-on-year respectively in May.
Some banks saw their reserve requirement ratio - the amount banks are required to hold back as security - cut four times last year. The move helps to free up funds for banks to lend, effectively giving a boost to the economy. The central bank has also announced a fifth cut since March 2016, with the aim that funds will go to alleviating financing pressure among small and medium-sized firms.