The new medium-speed model, which was tested in Changsha, Hunan province, has 30 percent more traction and can carry an additional 6 metric tons, compared with the previous generation, said Tong Laisheng, head of the maglev research institute of CRRC Zhuzhou.
The new move will also boost yuan's global use through increasing the trade of yuan-denominated oil. Currently, the main global benchmarks for crude oil are priced in US dollars, threatening China's energy and economic security.
The new guideline was also in line with Premier Li Keqiang's commitment to reduce taxes and fees charged on companies, Zhu said. "If properly implemented, the guideline will help SMEs and business startups in the future," he added.
The new children's wear of Chinese sportswear company Anta Group is released at the New York Fashion Week's Spring/Summer 2020 collection in September 2019. [Photo/Xinhua]
The new bases will get enhanced support to boost integrated development of small and medium-sized enterprises, increase employment opportunities and shore up the transformation from old economic drivers to new ones, the document said.
The new meal services in the economy class increase portion sizes by 20 percent for appetizers, 25 percent for the main course and 50 percent for desserts. In addition, some foods and beverages such as Godiva chocolate, sparkling wine and cocktails, that were served only in the business class and the first class, have been extended to the economy class.
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The new fund is set up to invest in after-sales auto services, new energy cars, and smart driving technologies including internet of cars, advanced car operation system and autonomous driving, Li Hui, head of the fund, said.
The newly established company was touted as a milestone in the industry for reforming the State-owned enterprises.
The new area, some 100 kilometers southwest of downtown Beijing, is designed to advance coordinated development in the Jing-Jin-Ji region and cure "urban ills" such as traffic congestion and air pollution in the capital.
The new tax law, which officials began to design in 2014, aims to promote environmental improvement in all regions and expand the resources and responsibility for environmental protection, the document said.