The model also acts as a tool box that allows researchers to easily select the appropriate methods and direction for their work, ensuring the subsequent research is done factually and effectively, with a strong focus on solving problems.
The move came after Huawei posted a 26 percent year-on-year growth in smartphone shipments in the first eight months of this year, despite the restrictions it faces from the United States government.
The move is aimed at coordinating the development of the cultural and tourism industries, enhancing the country's soft power and cultural influence, and promoting cultural exchanges internationally, State Councilor Wang Yong said.
The most active crude oil contract for August 2020 delivery closed at 298.9 yuan (.65) a barrel.
The nation's small and medium-sized enterprises have long struggled to secure credit that tends to flow to state-sector companies, as risk-averse banks usually prefer projects with "implicit guarantees" from local governments.
The move by the regulators will give them more tools to manage their bond holdings amid the low interest rate environment and will help promote a healthy development of the country's bond derivative market, according to a recent joint statement by the central bank, the Ministry of Finance and the securities, banking and insurance regulators.
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The move is of great significance in advancing strict party governance and strengthening intra-party supervision, it said.
The most active cotton contract for September 2020 delivery gained 130 yuan (about .73) to open at 12,290 yuan per ton.
The move to replace the Labor Ministry with a much smaller office inside the Ministry of Economy was severely criticized and deemed illogical and counterproductive.
The move is an indication that the monetary authority will further tighten regulation on bitcoin, after it closed all bitcoin trading platforms in the country last year, amid concerns that the cryptocurrency may boost harmful speculation.