To maintain stability and promote healthy economic development amid the novel coronavirus outbreak, measures have already been taken to facilitate work resumption in different places in China.
Today, Alibaba?is hosting?the 11.11 Shopping Festival, also called Singles Day, and it’s getting?unprecedented attention this year following the Chinese e-commerce giant’s blockbuster IPO in the U.S.
Today, a growing number of Chinese people are in the grips of a powerful consumption appetite, generating a tremendous amount of unused items. A report from the China Center for Internet Economy Research showed China's used goods market hit 500 billion yuan in 2017, and its growth rate is expected to remain steady at 30 percent yearon-year.
To reduce financing cost for small and micro-sized enterprises, the ICBC offered loans at concessional rates and deferred loan payments for these firms. More than 20,000 small businesses have extended or renewed their loans so far, the bank said.
To guarantee the operation of China-Europe rail during the COVID-19 outbreak, a digital system has been developed to exchange information with the customs at Manzhouli of Inner Mongolia autonomous region, one of the land ports alongside the rail, so that a paperless working style cab be achieved in the clearance, Zhao Jun, director of China Railway's freight transport department, said at the press conference.
To this end, Wiegand said the EU and China needed to make sure the initiative was linking up with the Trans-European networks, which have been established over the years.
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To provide stable income, the Qintang district government issued special poverty alleviation microcredit for local residents so they could start up their own businesses.
To prevent further consequences, he called for a comprehensive review on curriculum-setting, staff recruitment, and the examination design of the city's history education.
To provide stability for houses near the wetland, developers inject concrete into the ground to harden the surface. The process severs the wetland's "blood vessels" and prevents water from circulating, he said.
To meet the goal of achieving 5.5 percent GDP growth for 2020, China should make plans for additional stimulus packages worth 5.2 trillion yuan (5 billion), in addition to the 1.3 trillion yuan in stimulus and rescue programs launched by the country earlier this year.