The coronavirus contagion has shattered the global commercial aviation industry, and carriers have grounded planes and delayed orders for new planes. It has forced GE's aviation unit to furlough half of its manufacturing workforce for a four-week leave since last week.
The country has seen rapid growth in charges for the use of intellectual property, exports of telecommunications, computer and information services and insurance services exports, according to the ministry.
The country will deepen the market-oriented reform of the yuan's exchange rate mechanism, improve the managed floating exchange rate system based on market supply and demand and adjusted with reference to a basket of currencies, and maintain the exchange rate flexibility, the People's Bank of China (PBOC) said in its first-quarter monetary policy report.
The country also shortened the negative list for foreign investment in the 2020 version in late June.
The country will continue improving its the business environment, treating domestic and foreign investors equally and strengthening the protection of intellectual property rights to share with the world the opportunities provided by the Chinese market, he added.
The country will pursue a prudent monetary policy in a more flexible and appropriate way, using a variety of tools including reserve requirement ratio cuts, interest rate reductions and relending to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, said the report.
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The corpse flower in bloom at The Spheres on Amazon’s campus in downtown Seattle (GeekWire Photo / Kevin Lisota)
The cost for repairing the damage to the LegCo Complex was the highest, amounting to more than HK million (US.93 million), it said.
The construction of a supercomputer center, a high altitude cosmic ray observatory and a radio telescope will be involved, according to the provincial government.
The construction of new infrastructure, such as the industrial internet, will be advanced together with technological innovations in the manufacturing sector, the statement said.