The inclusion will help China's financial market open wider to the world, with inflows of foreign investment expected, analysts said.
The industry maintained an annual growth rate of above 20 percent in 2012-2018, with sales reaching 653.2 billion yuan (about .77 billion) last year, according to Wang Zhijun, vice minister of industry and information technology.
The industry needs to increase investment in innovative production technologies and applications, and continue to tap the potential market, Zhong said at the forum.
The interest rates on new commercial personal home loans are linked to the above-five-year LPR, and the reduction of the above-five-year LPR by 5 basis points will also help reduce the mortgage cost for new home buyers, Wen said.
The international poverty line is measured by the percentage of inhabitants living on the equivalent of .90 or less per day using 2011 prices, according to the World Bank.
The in-house mushroom business is booming in the locality.
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The increasing politicization of the US business environment led to the drop, said Zhao Zhenge, general representative of the China Council for the Promotion of International Trade (CCPIT) USA.
The idea for the equipment came from other equipment in Shenzhen and Wuhan, he said. "Shenzhen's equipment can record violators' faces and release them to the public. Wuhan's can prevent people from running a red light by setting up two long ropes at an intersection," Wan said. "We just combined them."
The initiative, as "one that serves multiple purposes", also is expected to inspire residents to upgrade their homes in light of improved environment, infrastructure and service facilities in their communities, she noted.
The idea of finding alternative bone sources stuck with Huo. He racked his brains, seeking solutions in restaurant kitchens, on river banks and with private collectors.