Li Zhanshu, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Standing Committee of the National People's Congress (NPC), made the remarks during an inspection tour in North China's Shanxi province from Monday to Wednesday.
Lesson learned
Lenovo also announced a .2 billion investment in AI research and development, and is pursuing smart solutions and partnerships in the manufacturing, healthcare and transportation sectors.
Li believed the platform of SXSW is a perfect match for the emerging Chinese innovative companies. "We will do our best to introduce this platform to the Chinese innovative companies who are ready to enter the world stage."
Li also stressed that the slowdown in China's housing market is much lower than experts anticipated, which adds to the widespread belief that the 6.5 percent growth target will be achieved, and possibly exceeded, in 2017.
Li Mingxiao, head of the China Banking and Insurance Regulatory Commission's Beijing office, said the regulator will strictly check and severely punish misbehavior of diverting bank loans from serving the real economy to arbitrage.
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Li Baoyuan, senior market manager at HMD's China region, said around 70 million consumers are using Nokia feature phones and smartphones. "In China, 70 percent of our users are young people aged between 20 and 29, and 85 percent of them are male."
Li Longhai, an analyst at Dongguan Securities Co Ltd, said that the measures will help banks offload distressed debt from their balance sheets and will help ease the pressure from the rising nonperforming loans.
Li also said he is looking forward to working with O'Neill to deepen China-Papua New Guinea exchanges and cooperation in various fields and further the development of the strategic partnership between the two countries, which will better serve the interest of both peoples.
Leveraging the achievements in cables and wall chargers, Anker is moving to make products for smart homes and the auto market where a plug and a cable can solve a problem.