Fu welcomed Kansai TV to engage in media activities in the Greater Bay Area, and deepen cooperation with Guangdong Radio and Television.
Gao said Standard Bank is also developing the renminbi settlement business in Africa. "We can offer renminbi services in all of our branches in Africa."
Game centers and mahjong parlors across the city will be allowed to resume business from Friday after about two months.
GUANGZHOU - After taking over German robotics firm Kuka, Chinese home appliance giant Midea Group is turning the European company into a global service provider for smart manufacturing.
Further growth is imminent, especially because many UK banks and asset managers are now making plans to invest in China, in light of announcements by the Chinese government on Nov 10 stating that the country is allowing foreign financial companies to own up to 51 percent majority stake in financial joint-ventures.
GM, whose two models currently qualify for the federal tax subsidy for electric and hybrid cars, have joined other automakers in lobbying Congress to lift a 200,000-vehicle limit beyond which the tax break will gradually phase out. As of the third quarter of 2018, the company has less than 4,000 vehicles to produce to reach the threshold.
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Fu confirmed that since Joyair opened the Yantai-Dalian route in 2008, the airline has reported increased passenger demand fueled by government personnel, business people and tourists.
Further efforts to unleash more capital are quite likely this year because banks need support to sustain lending, as credit expansion remains vital to support the economy, according to Lian.
Fuller coffers have enabled the government to offer 15 years of free education, from preschools to high schools. According to the Higher Education Bureau of the Macao SAR, public education expenses of Macao in 2019 were seven times higher than in 1999.
Gao Peiyong, vice-president of the Chinese Academy of Social Sciences, said at the seminar that the fiscal reforms, especially for the tax and fee cuts, should focus on securing the market entities and reducing the tax burden of smaller businesses over the long term, to stabilize employment.