The remarks came after the Government Work Report 2018 said earlier this month that more efforts will be made this year to scrap any limits on cross-region flow of used cars, as part of the country's broader push to make the automobile industry globally competitive.
The report highlights that per capita income growth in several parts of Africa, western Asia, Latin America and the Caribbean is expected to remain very weak in the outlook period. That poses additional challenges for the Sustainable Development Goals, including the goal to universally eradicate poverty by 2030.
The regulator has also rolled out restructuring plans for problematic, high-risk financial institutions such as Baoshang Bank Co Ltd and is pushing ahead with market-oriented restructuring and risk disposal. The problematic shareholders are being discharged in an orderly manner, Cao said.
The report said that the rate of extreme poverty in Asian countries is 1.85 percent and that absolute poverty has generally been eradicated.
The report said collectively and privately-owned enterprises have gradually become the main participators in the cultural export trade, the cultural products trade is mainly concentrated in developed countries and regions, and the scale of cultural products trade with countries and regions involved in the Belt and Road Initiative is increasing year-by-year.
The report also pointed out that several prisoners had been released and left Wuhan during February. According to Aidujingshi, the official WeChat account of the public security bureau of Huanggang's Qichun county, Hubei, on Feb 11, a convicted felon was released from prison in Wuhan and sent home by the police in Qichun. Changjiang Daily also reported that the people's court of Hongshan district, Wuhan, took two routes to Hanchuan and Daye in Hubei province to send three released prisoners home.
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The report noted that the potential for light manufacturing to relocate out of China into lower-cost economies in the region should offer Cambodia scope to attract foreign direct investment or FDI in a variety of areas beyond garments and footwear, which have long been the mainstays of the local economy.
The report found that 2019 was the best year on record for offshore wind, with 6.1 GW of new capacity added globally, bringing total global cumulative installations to 29.1 GW. China remains in the number one spot for the second year in a row for new installations, installing a record 2.4 GW, followed by Britain at 1.8 GW and Germany at 1.1 GW.
The report came as Chinese consumers are reigniting demand for consumer electronic devices, with the epidemic easing in the nation.
The report analyzed the 2016 annual reports of 27 A-share and H-share listed lenders-six large commercial banks, seven joint-stock commercial banks, nine city commercial banks and five rural commercial banks.