He told reporters that the ministry will also study the possibility of investing urban and rural residents' social endowment insurance funds. Pensions in China are traditionally held by banks or used to purchase treasury bills with 2 to 3 percent annual yields, which were far below the market average and were often depreciated due to inflation. In contrast, the NCSSF earned an annual average return of over 8 percent on its investments over the past decade, by investing in a variety of financial products, including bonds and stocks. China faces the challenge of building a more sustainable pension system as its population ages. The country had 220 million people aged over 60 at the end of 2015, accounting for 16.1 percent of the total population.
He was found to have accepted money illegally, frequented private clubs and indulged his relatives using their work posts for illegal benefit. Zhang also seriously interfered in the pursuit of justice and even helped organized criminals obtain commutations, the authorities said.
He said the business cooperation between Hunan and the US includes a wide range of fields: 3D printing, medical equipment, heavy machinery, environment protection products, processing and trade. “More than 100 Hunan enterprises have made investments in the US,” Du said.
He said the adjustments are meant to ensure safety and security for guests and Disney employees, and provide a more guest-friendly experience.
He stressed Vanke can survive the crisis only if it can ensure the safety of cash flow. So far, 92 percent of the company's products are small and medium- sized houses, which can guarantee sufficient cash flow, he added.
He said the move is a win-win for the long list of smaller players in the sector, because it saves them time and money required to develop their own platform.
广州口腔粘膜的专科医院
He said that though the AIIB and the initiative are two separate initiatives, they also overlap at certain intersections and share a similar goal.
He said the joint venture would get involved from the very start of every single Audi model's development, so that they would better meet the demands of Chinese customers.
He said the company has started mass production of the blade battery at its Chongqing plant.
He said that the boost from both Chinese domestic infrastructure projects as well as Belt and Road infrastructure projects have been reflected in its 2018 first quarter financial results.