The market size for coffee shops in China has doubled since 2013 and was worth an estimated 20 billion yuan ( billion) in 2016, according to Euromonitor. The market researcher forecasts that coffee consumption in China will increase by 18 percent annually through 2019.
The minister was Mexico's head negotiator to the trade talks, which concluded Sunday night after a year and a month of talks. The text of the new agreement is to be submitted to each country's congress for approval before leaders sign the USMCA into law, possibly on the sidelines of the upcoming G20 summit to be held in Buenos Aires, Argentina, Nov 30 to Dec 1.
The ministry will push forward the resumption of a batch of construction projects that are in line with the country's development strategies, he said at a news conference.
The ministry also urged all provincial public security departments to release the contact information of local city and county-level public security departments under their jurisdiction.
The measure, coming after congressional leaders met earlier in the day, will prevent the third government shutdown this year if it is passed and signed into law by the Friday-night deadline.
The meeting pointed out that funds raised from the special bonds should not be used in areas related to land reserve and real estate, for debt swap, or for industrial projects that can be fully developed commercially.
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The meeting called for quicker steps to carry out measures such as tax cuts, fee reductions and lowering of financing costs and rents to boost SMEs, which account for about 80 percent of urban employment. The country must maintain the stability and competitiveness of its industry and supply chains with efforts to coordinate the resumption of business operations at full capacity within industry chains, the statement said.
The meeting also adopted measures of stamp duty relief for books of account starting from May 1, 2018.
The meeting pointed out some faults found in preventing the inroads of the malignant virus and had an in-depth study and discussion about the issues on further intensifying the state emergency anti-epidemic work.
The merger plan between Shenhua Group and China Guodian Crop has been already submitted to the State Council for approval, according to an official at an energy forum on Wednesday.