The industry's comprehensive solvency adequacy ratio stood at 238 percent at the end of the first quarter, well above the 100 percent requirement, said China Insurance Regulatory Commission in an online statement released Tuesday.
The inspection team from the NPC Standing Committee heard reports from local authorities, held symposiums with representatives from the governments, charitable organizations, experts and donors, and conducted on-site inspections and random spot checks.
The industry now faces an unprecedented growth opportunity as the country's top leader praised online shopping as an effective vehicle for promoting agricultural produce, and livestreaming is arguably among the most trending practices in the digital shopping realm.
The individual income tax was the third major contributor to China's total tax revenue, following value-added tax and enterprise income tax. In 2017, China collected individual income taxes worth nearly 1.2 trillion yuan, about 8.3 percent of the total tax revenue.
The incident happened when an improvised explosive device went off inside the market located near the Ganj Mandi area of Rawalpindi, police sources told Xinhua.
The interest in the store from Chinese customers fits in well with the company's general shift toward doing more business in Asia.
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The incident occurred at about 7:30 pm on Saturday when the Xinjia Hotel in the city's Licheng district suddenly collapsed within a few seconds, trapping about 70 people. As of Sunday morning, 49 people have been rescued.
The initiative has gained support from over 100 economies and international organizations, with more than 50 cooperation agreements signed between governments since 2013.
The impact of COVID-19, such as increased screen time due to work-from-home and remote learning situations, also has intensified China's attention towards eye health. Seven in 10 of people interviewed in China, or 71 percent, said they had taken more measures to protect their eyes now during the pandemic. Some 69 percent of Chinese adults also reported they are more aware about touching their eyes since the pandemic began, the survey showed.
The huge number of transactions last Saturday indicated that Chinese online retailers still have enough space to grow, financial news portal stcn.com said quoting Shalynn Teo, an analyst at S&P.