To be more specific, annual home rents in New York can reach 53.6 percent of a middle-income family's earnings, and that in San Francisco and Los Angeles can reach 48 percent and 44.3 percent respectively.
To encourage more foreign participation in the domestic market, China announced that foreign businesses would be allowed to own up to 51 percent of shares in futures companies, and the cap would be phased out over three years.
Time spent in the country played key role in friendship
To achieve the economic and social development targets this year, China should coordinate its macroeconomic, structural and social policies and properly implement the proactive fiscal policy, prudent monetary policy and policies to prioritize employment, according to the statement.
To enjoy some delicious food is now also an essential part of traveling to Macao. Portuguese egg tart, pork chop buns, and crab congee have become some of the most popular dishes.
To ensure further growth in these areas, China will increase efforts to attract prominent talents and research resources, nurture world-class tech companies and remain open to international cooperation, he said.
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To cope with the soaring need for express-delivery services, technologies including automatic sorting and wrapping machines, upgraded scan systems and wearable devices for couriers are being used to improve the efficiency and accuracy of delivery services.
To boost the economy affected by novel coronavirus outbreak, Shanghai authorities launched "May 5" shopping festival that lasted for two months, issuing a total of 28.6 billion yuan worth of coupons and vouchers. Additionally, SAIC Motor and other local auto manufacturers offered at most 45 percent discounts for vehicle purchasing, which promoted car consumption to a great extend, with sales in May up 8.9 percent year-on-year.
To date, Xpeng Motors has launched two production models — the G3 and the P7.
To date, the Wuhan-based company in Hubei province has adopted 190 types of raw materials from 32 countries and regions. It has developed over 1,000 kinds of snacks so far.