In the meantime, information services saw 28.5 percent year-on-year growth in FDI flows, while e-commerce businesses notched up gains of 62.4 percent on a yearly basis. Professional technical services was another major gainer with a 95-percent growth in FDI flows on a yearly basis.
In the past 20 years, the Danish toy company has enjoyed fast growth in China, and has expanded its business to more cities and on e-commerce, digital and physical platforms as the market grows.
In the internet age, the flip side of the conveniences we enjoy is the ease in which false information is spread. This weaponization of information has become more potent now that we all have a smartphone. We're approaching a point where people will not know what to believe.
In the political domain, China has created a model that can be summarized as "selection+election". Selection is largely based on meritocracy, and Zhang firmly believes this model is superior to the Western model of relying on popular elections.
In the past two years, cutting overcapacity has also accelerated in China, as well as industrial mergers and reorganization, amid the government's effort to deepen supply-side structural reform.
In the latter half of the year, Tang said, prices could be more than 70 percent higher than in the previous year.
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In the statement, the State Council called for technological breakthroughs in vehicles' operating systems and power batteries. It pledged support for infrastructure, including charging piles, battery-swap stations and hydrogen stations for fuel cell vehicles.
In the short term, the policymakers also should closely monitor and deal with the impact of the Sino-US trade friction on employment. The trade friction is not likely to cause any major unemployment concerns at the national level, but some industries and regions may see sourer labor market conditions.
In the same month, the company raised 500 million yuan ( million) in "Panda bonds"-renminbi-dominated bonds-to help fund its takeover of Port of Hambantota in Sri Lanka, after the country granted a 99-year lease on the port to China for .12 billion at the end of December last year.
In the meantime, the Association of Southeast Asian Nations replaced the European Union to become China's largest trading partner. China's foreign trade with ASEAN registered 991.34 billion yuan, an increase of 6.1 percent on a yearly basis, accounting for 15.1 percent of China's total trade volume with the world.