The data showed strong consumption potential in rural areas, with retail sales expanding 11.9 percent during the period, outpacing urban areas, where retail sales climbed 9.7 percent year-on-year.
The current US trade deficit appears large when compared with deficits immediately following World War II. But much of the industrialized world was in ruins, capital mobility was limited, and the world economy wasn't integrated. Now, much of the money American consumers spend on foreign goods returns to the US in investments, real estate purchases or cash deposits.
The deal has been reviewed and approved by commerce authorities and antitrust agencies of 20 countries and regions, including the United States, the European Commission and Brazil.
The country's huge hydrogen market demand due to the booming growth of new energy vehicles also makes the development of hydrogen in China promising, he added.
The dairy product has also been a lifesaver for several dairy producers in China, as they had been struggling to cope with the slowdown in demand and the decline in prices, due to oversupply.
The customs declaration system will be simplified to guarantee investment and trade utility.
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The current business uncertainty has also delayed the proposed implementation of the Insurance Connect, a scheme that is expected to allow the mainland customers to buy policies from any Hong Kong-based insurers without having to leave the mainland while the Hong Kong people could buy products from the mainland companies.
The credit loan support plan has been established for short-term purposes, Pan Gongsheng, vice-governor of the PBOC, said during a briefing on Tuesday.
The country's protection efforts has accelerated the upgrading of agricultural plant varieties and expanded the production of new breeds, Zhang Taolin, vice minister of Agriculture and Rural Affairs, said at the symposium.
The country's short-term vacation rental sector is showing signs of recovery from the novel coronavirus pandemic, as Chinese travelers are booking long-distance trips for the upcoming National Day holiday, which runs from Oct 1 to 8.