This year will also be remembered for a huge opening-up of Chinese financial markets. On Jan 1, overseas firms were allowed to set up their own futures trading entities and foreign insurers were allowed to set up 100 percent-owned units offering life insurance. Starting in April, foreigners could apply to set up 100 percent-owned mutual funds. Beginning Dec 1, global investment banks will be able to carry out banking business in China without needing a Chinese joint-venture partner.
Thomas Cook China said it is fiscally stable and healthy at this time. The company is unaffected by the issues faced by Thomas Cook in the UK and is operating normally.
This was higher than the 6.8 percent rise in the same period of last year.
Thomas Donato, senior vice-president of Rockwell Automation, a US-based provider of industrial automation power, control and information solutions for manufacturers, said that digital transformation has improved the annual production efficiency of Chinese manufacturers by more than 5 percent over the past decade. Augmented reality technologies will shorten the onboard time of employees by 40 percent and improve the product quality significantly, he said.
This vibrant vision was on view at the China Licensing Expo 2017 in Shanghai last month.
Those who make remedial payments to taxation authorities before Dec 31 will be exempt from administrative punishment and penalties, the notice said. The taxation authorities will then move in at the beginning of 2019, and those who still refuse to take action will be severely punished.
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This week the US added 46 Huawei subsidiaries and affiliates to the Entity List, a move condemned by Huawei.
Those who provide venues for marketing events are also now responsible for verifying the sellers' credentials, while incentives have been offered to encourage people to report illegal activity.
This was the third time Ma attended the big data expo in Guiyang, Guizhou province. "The big data expo has made great success, catching the eyes of a lot of companies at home and abroad,"he said.
Those lawmakers just do not miss any opportunity to make trouble and create controversies even if people's health is involved, Lam said.