The points-based service aims to better use government funds by facilitating access to social services for seniors who participate in charitable, recreational and educational activities, it said.
The plan should focus on core areas and weak links to overcome difficulties in the country's development, Wang said.
The pipeline unit of the oil and natural gas major was previously responsible for both natural gas pipeline operation and sales.
The prediction is largely in line with a former central bank consultant's forecast on the same day during the Summer Davos forum in Dalian, Liaoning province.
The plane he flew on with his crew was the Dragon Lady, which was stationed in Kunming in Yunnan and Chengdu in Sichuan. In total, they flew roughly 200 hours of air combat missions.
The personal savings rate — savings as a percentage of disposable income — was 8.1 percent in the third quarter, or .34 trillion, compared with 8.0 percent, or .32 trillion in the second quarter.
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The plan should be straightforward to implement, and would benefit a broader group of individuals and businesses, he said. Once introduced, the policy would further cut corporations' tax bill, especially for tech startups, and small and microenterprises, he added.
The performance of big companies was good but some small and medium-sized companies didn't fare very well due to downward economic pressure in 2018, said Yang Delong, chief economist at the Shenzhen-based First Seafront Fund.
The policy reversal came as the British government concluded that the United States' tightened semiconductor restrictions on Huawei would threaten to disrupt the company's supply chain.
The perpetrator traveled from Baltimore, Maryland to do this because New York City is the media capital, and he hoped the killing could instigate a race war, according to a statement of the Manhattan district attorney's office.