The move is also expected to mitigate the influence of the United States government's restrictions on Huawei using Google's Android operating system in smartphones, analysts said.
The momentum was sustained through July as total foreign trade volumes rose by 6.5 percent year-on-year. Exports and imports went up by 10.4 percent and 1.6 percent, respectively.
The naming ceremony for Astro Ocean's Piano Land is held at the Xiamen International Cruise Center wharf in Xiamen, Fujian province, in September last year. [Photo/Xinhua]
The nation's first cross-border transaction platform for RMB credit assets, the first brokerage majority-owned by an overseas bank, and the first reinsurance company Qianhai Reinsurance were all set up in Qianhai.
The most direct reason behind the continuous rise on the STAR Market was the chase for new stocks by investors, which would bring a relatively large amount of capital, just like when ChiNext, China's NASDAQ-style board of growth enterprises, launched, according to Liu Xiaodan, chairwoman of Huatai United Securities, during an interview with CCTV Finance.
The nation's plan to cultivate around 600 small, highly specialized world-market leaders in three years will help it make breakthroughs in core industrial components, experts said on Tuesday.
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The momentum is building, and the timetable is set for a historic summit between the United States and the Democratic People's Republic of Korea, as Pyongyang released three US citizens on Wednesday, whom US President Donald Trump said he will greet early Thursday morning.
The move is part of China's broader efforts to revive economic activities as the novel coronavirus outbreak comes under control in the country.
The move marked the company's first foray into the sector. But the company also hit the headlines because of a subsequent major foray involving Robert Bosch GmbH, one of the world's biggest technology and auto suppliers.
The mobility of the job has led to issues including a low labor contract signing rate, widespread overtime and a low rate of coverage by social insurance, Xu said.