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The relations between China and South Africa have become an exemplary model for South-South cooperation, Chinese Ambassador to South Africa Lin Songtian said in a recent interview with Xinhua.

The remarks came after China and ASEAN agreed to strengthen economic ties in the digital economy during the 22nd ASEAN-China Summit held in Bangkok in November.

The report attributed the turnaround to the steady expansion of the Chinese economy and the abundant opportunities offered by growing local companies.

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The remaining 47 percent or about 2.5 million hectares are CCLOA titles that were issued to groups of ARBs in the 1990s as a temporary measure to fast-track the distribution of land to farmer-beneficiaries, according to the DOF.

The report also suggested to enhance the management of financial SOEs' assets, and improve the framework of the State-owned financial capital management system. The authorities will improve the supervision system of financial companies, as well as the methods of selecting and appointing accounting firms, and improve the governance structure of financial infrastructures.

The report issued by Bloomberg's wholly-owned unit BloombergNEF (BNEF) said that although COVID-19 led to a drop in electric passenger vehicle sales so far this year, the influence of the epidemic was smaller compared to the impact of the disease on the sales of combustion engine cars, which are set to drop 23 percent year-on-year.

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The rent-a-battery model will also give birth to some new service models and service formats, and some specialized battery banks and battery operating companies, Xin said.

The regulator promoted the establishment of a provincial financing guarantee company for tech firms. The company will repay 30 percent of an outstanding balance on behalf of a tech firm in the event of default. The rest of the loan repayment will be shared among a government-funded financing guarantee company at the level of a city, county or district (40 percent), the relevant bank (20 percent), and the local bureau of finance (10 percent).

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The regulation also ordered a cap of 100 yuan per person for cash gifts and the number of tables at each banquet should be kept under 20. Firecrackers and balloon arches have also become history. "No one has violated the regulation so far," said Xiao.

The report said the federal government should "encourage and assist" US companies to participate in the annual China International Import Expo as China's growing market continues to offer opportunities, particularly in fields of climate, clean technology, health care, clean water and food safety.