To help farmers sell their products, the township invested more than 500,000 yuan last year to establish a model e-commerce store, he said. Owners of the online stores in Wangba sign agreements with farmers so the farmers can concentrate on growing and farming, and not worry about sales, Xu said.
To offset domestic economic downside risks and external headwinds amid trade tensions, the PBOC has enacted four reductions of reserve requirement ratios for financial institutions this year, with the latest taking effect on Monday. The cuts have injected some 1.85 trillion yuan into the financial sector since April.
To regulate government inspections, the provision specified the position and responsibilities of such assessments, and stipulated procedures and support measures.
To tap into this demand, Lei said that Xiaomi plans to launch over 10 types of 5G smartphones next year and will cover all mid-and high-end types.
To maintain solid economic fundamentals, the government has also emphasized the importance of focusing on the six priorities of safeguarding employment, people's livelihoods, the development of market entities, food and energy security, the stable operation of industrial and supply chains and the smooth functioning of society.
To support the private economy, it will lower the barriers for private companies to enter educational, tourism and cultural fields by giving their equal rights in approval, financing and bidding.
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To help stabilize employment in cities, stronger support will be provided to enterprises-especially those in the catering, hospitality, wholesale and retail sectors that typically hire a large number of migrant workers-to discourage layoffs, according to Li.
To prevent NCP infections and ensure the safety of workers, the area demands that project managers check workers' health conditions daily and closely manage construction sites.
To provide reproductive products and devices for women having difficulties in conceiving, it requires medicine, lab devices, gene analysis, pure lab water and a total solution. Those are the fast developing areas in life science here.
To realize the country's medium-term growth potential, China needs a transition from the growth model that relies heavily on investment and debt and take immediate actions while growth is strong and buffers are sufficient, he added.