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The bank has seen strong revenue growth in the technology and energy sectors, as well as its business with financial institutions. A combination of providing comprehensive banking services to multinational corporations and leading Chinese companies that participate in Belt and Road projects has underpinned the growth.

The biggest concern of businesspeople in the Asia-Pacific region is unpredictability, Japanese Consul General in San Francisco Tomochika Uyama said at the forum. He said he hoped the US would go back to the TPP.

The automaker unveiled its first production model - the Aiways U5, a sport utility vehicle, in November 2018. It is scheduled to hit the market at the end of this year.

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The attempt by the Swiss financial services provider is in response to the Chinese central government’s relaxed restrictions on foreign ownership in jointly-owned financial institutions announced in November. The cap will be completely abolished in three years.

The award recognized the work the province has undertaken to improve standards of hygiene at tourist facilities and provide greater convenience for visitors.

The average precipitation in China was 105.4 mm in August, 3 percent more than the average in August in the previous years.

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The authorities will offer incentives to car owners who switch to public transport. For areas plagued with frequent congestion, the government will explore traffic control measures that will only allow private vehicles on the road at certain times or in specified locations.

The bikes will be offered for free for the first three months.

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The author is senior research fellow and vice-director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.

The award was a close-run affair after the consortium presented a proposal which was equal to two other bids in terms of investment.