To enhance fintech development, Chinese banks increased investments in research and development for smart offline services, online banking and mobile banking to replace traditional banking services.
To ensure medium to long-term sustainable growth, one area that needs attention is further implementation of the reform agenda for State-owned enterprises, Lipton said.
To ease the burden for SMEs, the local bureau started to explore the insurance scheme, under the guidance of the GACC. The insurance can reduce the overall operating costs of enterprises, such as the cost of capital and institutional transaction costs, and thus promote companies' development, Gao said.
To further supply-side structural reform, China will continue efforts to cut overcapacity, reduce excess inventory, deleverage, lower costs, and strengthen areas of weakness, and work to achieve a dynamic balance between supply and demand by improving the allocation of available resources and increasing high-quality supply, Xi said.
To attract younger consumers, Anta has renovated its retail stores to include screens, multiple floors and localized content.
To follow up its third public welfare program, the FAW-Volkswagen launched a fourth program at the same event.
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To explain a more realistic "side of things", Larsen used an American football analogy: "Does the US need to act like a defensive coordinator? Or, do we need to think like a head coach and develop new offensive and defensive strategies, a new playbook, or even dust off the old playbook, that are better tailored to the outcome that we want to see? I certainly fall on the latter side."
To be more specific, only 18 percent of surveyed marketers said they plan to increase their budget by 30 percent and more in the coming year, a staggering 11 percentage points lower than a year ago. Almost 60 percent reported their digital marketing budget will grow less than 10 percent.
To broaden practical cooperation, Beijing supports Chinese business investment in Nepal in the four priority cooperation areas of trade and investment, post-disaster reconstruction, energy and tourism, Xi said, and China welcomes Nepal's participation in the second China International Import Expo next month to promote exports of its specialty products to China.
Ting Hsin is well-known for its instant noodle and drinks brand Master Kong, or Kangshifu. "1,700 out of the 2,800 products will be replaced on a yearly basis in a FamilyMart store," said Zhu Hongtao, general manager of Shanghai FamilyMart Co Ltd.