The global economy may remain overall stable and is unlikely to enter a new round of recession next year, but a large number of zombie companies have emerged as risks piled up, said Huang Yiping, deputy dean of the National School of Development at Peking University.
The fund raised will mainly be used to acquire new businesses with great potentials in China including education, health care and technology, said Antony Leung, chairman and co-founder of New Frontier.
The government announced plans to establish Xiongan New Area in April as part of measures to integrate Beijing-Tianjin-Hebei development and cure "urban ills" such as traffic congestion and air pollution in the capital.
The goods trade saw a 35-percent decline in surplus, with imports up 21 percent year-on-year and exports up 11 percent.
The full text of the plan has not yet been released, but a statement released on Wednesday accompanying the approval said that Beijing will be developed into the national center of politics, culture, international exchanges as well as scientific and technological innovation.
The fruit went viral thanks to social media promotions and became an instant hit among Chinese who aspire for quality treats, presenting a unique opportunity for brands to tap into the younger and relatively affluent population, said Neil Wang, president of consultancy Frost & Sullivan China.
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The frenzy of disposal activity was driven primarily by ongoing stiff policy control back home, led by a clampdown on lending to real estate developers and investors, the report said.
The front brake caliper of the vehicles doesn't meet specification as cracks may appear in the caliper, which could lead to a loss of brake fluid and increase the brake pedal travel and stopping distance, said the statement on the administration's website.
The global coffee chain expects that Alibaba's strong membership referral pipeline will help to fuel exponential growth in its rewards membership in China.
The government has announced a total of 250 trillion won (0 billion) worth of measures to financially support microbusiness owners, small and big companies that were hit hard by the coronavirus pandemic.