The revision is expected to increase by some 650,000 the number of workers participating in the pension program, according to government assessments, but it may also place a heavy burden on small businesses, since half of workers' premiums are paid by employers under the system.
The research project, launched in January 2018 with the Natural Resources Defense Council (NRDC) and Energy Foundation China (EF China) as the coordinating organizations, aims to ultimately help China leap over the Age of Oil into a clean energy future, and the report, namely, Research on China's Oil Consumption Peak and Cap Plan, was completed with the cooperation of more than 10 national and international research institutions.
The roadmap sets the major goals of applying and implementing the global LEI in China from 2020 to 2022, and clarifies key tasks including the application of technology and the sustainable development of the local system.
The report, titled Opportunity knocks: The rise of China's rental housing market and released by property consultancy JLL this week, looked at the rental housing markets in six major Chinese cities: Beijing, Shanghai, Shenzhen, Guangzhou in Guangdong province, Hangzhou in Zhejiang province and Chengdu in Sichuan province.
The results suggest that people who commonly resist acknowledging their darkest emotions, or judge them harshly, can end up feeling more psychologically stressed, and those who generally allow such bleak feelings as sadness, disappointment and resentment to run their course reported fewer mood disorder symptoms than those who critique them or push them away, even after six months.
The rise of shopping malls
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The report was based on 2,957 questionnaires completed by those between 12 and 19 years old in the country's first, second and third-tier cities.
The rise of Tsukuba has not dwarfed Tokyo's towering position as a research center. The Japanese capital has 44.6 percent of the country's research professionals.
The research identified the key drivers for Chinese enterprises' outbound expansion as "seeking new markets for growth, easing domestic competition and acquiring advanced technologies". But relatively few were driven to look overseas for branding reasons.
The resurgence of street vendors is mainly due to a cautious promotion of roadside trade in China to boost consumption and in part tackle COVID-19-induced unemployment.