The Chinese economy has been a hot topic lately. David asked me to share my thoughts. So I did some homework and summarized what has changed, and what has not, in the Chinese economy.
The Chinese government reaffirms its commitment to streamline its administrative processes and delegate power to lower levels of government in order to further unleash business potential, create jobs and transform government functions, Premier Li Keqiang said at a national video and telephone conference with regional government officials on Tuesday.
The Chinese central government will increase the funds transferred to local governments by 12.8 percent, mainly to support infrastructure investment as a measure to counter economic fallout, said the finance minister on Friday.
The China Council for the Promotion of International Trade has successively innovated the exhibition services platform and the digital expo has emerged as an accumulation of the previously held physical expos, Sun said. The digital platform is a unique one for the public and private sectors from China and Africa to cooperate on agriculture, manufacturing, energy and environmental protection, construction, transportation, healthcare and other sectors.
The Chinese government encourages its businesses to make investment in Africa. We support the Chinese financial institutions to provide financial support to Africa for infrastructure development, industrial parks, special economic zones, and production projects in accordance with the market principle and concept of intensive development. The concept of intensive development means to integrate infrastructure and industry planning and development in tandem.
The China National Commission for Disaster Reduction and the Ministry of Emergency Management jointly activated a level-IV emergency response, the lowest level, on Monday, the ministry said in a statement.
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The Chinese embassy in New Zealand said that the New Zealand police confirmed that none of the 14 dead were Chinese nationals. Although being seriously injured, the treatment effect is good and the duo's conditions are basically stable.
The China-Laos expressway runs from Bohan Port in Xishuangbanna, Yunnan province, to Vientiane, Laos, with a total length of 440 kilometers. Once completed, driving time between the two places will be reduced from 20 hours to 5 hours.
The China Banking and Insurance Regulatory Commission, the top banking and insurance regulator, will intensify its crackdown on illegal lending by banking and insurance institutions that finances leveraged stock investments, a commission spokesperson said on Saturday.
The China Industry Innovation Alliance for the Intelligent and Connected Vehicles has been launched in an effort to back China's fast growing intelligent automobile industry.