The report has modelled three scenarios that it believes are plausible: a downturn in China's economy which sends Australia into recession; Asian economies perform better than expected while Australia's government has the courage to reform; and Australia gets better at being "cyber smart."
The remote ports between the two countries often have poor infrastructures, affecting economic growth and international trade in regions along the border.
The remarks came after US Secretary of State Mike Pompeo claimed on Wednesday that the Hong Kong Special Administrative Region no longer enjoys a high degree of autonomy from China, and threatened to revoke Hong Kong's special trade status with the US.
The report said the northeastern provinces of Liaoning, Jilin and Heilongjiang, along with Hunan province and Chongqing, have the oldest workforces in the country, while Guangdong, Guizhou and Hainan provinces, and both the Xinjiang Uygur and Tibet autonomous regions have the youngest.
The region’s housing market has been steadily heating up since Amazon revealed Northern Virginia as a winner of its ballyhooed HQ2 contest last November. That heating has escalated over the past few months.
The report shows the US Patent & Trademark Office issued 308,853 utility grants in 2018, a decline of 3.5 percent year-on-year.
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The regulation, approved by the Standing Committee of the Hebei People's Congress, will take effect on Nov 1.
The report found that 92 percent of CEOs among surveyed companies believe that incorporating sustainable development into their corporate strategy is critical to the success of future development.
The report also shows that in 2017 the number of large-scale concerts and music festival performances totaled 2,400, an increase of 14.29 percent compared with the year before, and the box office income was 3.76 billion yuan (US9.12 million), 7.91 percent higher than the year before; theater performances totaled 93,000 shows, compared a rise of 5.48 percent with 2016 and the box office income was 7.72 billion yuan (US.12 billion), an increase of 4.27 percent year-on-year.
The regulation stipulates that foreign-invested enterprises will enjoy the same favorable policies as domestic companies, and will be treated equally in standard-setting and government procurement activities.