In an updated economic outlook released on Wednesday, the lending institution projects that US GDP growth will slow from 2.3 percent in 2019 to 1.8 percent in 2020 and then decelerate further to 1.7 percent in both 2021 and 2022.
In breakdown, the export of passenger cars dropped 14.5 percent year-on-year to 259,000 during the period, while that of business cars jumped 21.7 percent to 133,000 year-on-year, said China Association of Automobile Manufacturers (CAAM).
In an increasingly interdependent global society, Mandarin, spoken by over 1 billion people across the globe, almost one-fifth of the world's total population, has continued to flourish among American students.
In another effort to remain dominant, Starbucks announced plans to have 6,000 stores in the country by 2022 — double its current total. That's one store opened every 15 hours. It has also opened its largest store in the world in Shanghai.
In breakdown, the output of cement declined 4.8 percent year-on-year to 1 billion tons, while that of flat glass edged down 0.4 percent, basically recovering to the level recorded in the same period last year.
In an explanatory speech delivered to the Fifth Plenary Session of the 19th Central Committee of the Community Party of China, which was convened from Oct 26 to 29 in Beijing, President Xi Jinping emphasized the need to promote common prosperity.
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In an executive meeting in May, China's State Council decided to raise the subsidy for emergency assistance efforts in natural disasters, the pension for family members of those killed in major disasters, the life assistance fund in the transitional period, and central government subsidy for recovering and rebuilding damaged residential buildings.
In early 2018, China began using its first P4 biosafety lab in Wuhan, Hubei province.
In an interview with Xinhua, Aeronext CEO Keisuke Toji shared the company's deep connection with Shenzhen.
In early trading Monday, Hilton Worldwide added rose 3.26 percent to .04 a share/