Lu expects the withdrawal of policy stimulus to be gradual and moderate, with only a modest slowdown in credit growth, and believes the authorities will try to contain the growth in interest rates and funding costs to sustain the recovery. He expects the total social financing growth to slow to around 11.5 percent by the end of next year.
Lu Yandong, a sales director of Guangdong Tuodi Intelligent Technology Co, a supplier, said it can save money because 10 intelligent stores need only one or two staff members to manage.
Lu called on the EU to implement the article "comprehensively and thoroughly as soon as possible", and said China hopes to see Germany continue to play a positive role in helping accomplish this.
MACAO -- The 43rd congress of the Portuguese Association of Travel and Tourism Agencies opened in China's Macao Special Administrative Region (SAR) on Thursday, with 650 tourism representatives looking for opportunities in Macao and Chinese mainland market.
M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8.3 percent year on year, unchanged from a month earlier.
Lu said that China and the US have been in contact with each other on how to deal with their trade frictions. "We hope that by making the pie of our cooperation bigger, these problems would be properly and constructively addressed," he said.
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Luxury cruise industry players note that while their clientele cannot go on ocean cruises due to the travel restrictions, they are still keen on packages to regional destinations.
Lou highlighted the role private enterprises played in innovation.
MACAO -- The 10th International Infrastructure Investment and Construction Forum is to be held in China's Macao Special Administrative Region (SAR) late May, focusing on sustainable and quality development of global infrastructure, organizers said here on Friday.
Lu is bullish about Chinese gold consumption even if changing tastes have dented demand in the world's biggest gold market. London-based research firm Thomson Reuters GFMS said China's total gold demand declined 3 percent to 991 tons in 2017.