Lian Ping, an economist with the Bank of Communications, said various types of financial holding companies-State-owned, private and internet companies-will be covered in the new rules, but subject to different regulatory standards.
Li said the country's policy on refined oil exports will also affect the amount of crude imported to a large extent.
Lijiang, a city in northwestern Yunnan province known for its beautiful scenery and unique culture of the Naxi ethnic group, has sought to integrate into the Yangtze River Economic Belt through green development, according to local officials.
Li said the company plans to let customers make their own baozi in the near future.
Liang noted in the past most of the Chinese enterprises adopted the original equipment manufacturer or OEM model, but nowadays they tend to build their own brands to be competitive globally.
Li was formerly deputy director of the Standing Committee of Liaoning Provincial People's Congress.
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Li is in Belgium for the 21st China-EU Leaders' Meeting. He will also make an official visit to Croatia and attend the eighth Leaders' Meeting of China and Central and Eastern European Countries in the coastal city of Dubrovnik.
Liang Tao, vice president of the China Insurance Regulatory Commission said the central government believes a fully functional catastrophe insurance system is highly necessary, and the commission will continue to promote regulation development.
Li made the remark at a State Council ceremony to swear in central government employees on Monday morning, with 92 leading officials of the new Cabinet from 42 departments pledging to uphold the Constitution. Li oversaw the ceremony.
Li is not the only one enjoying the benefits from smart farming. The village located in Luohe, Henan province, is on the fast track transforming into a farming innovation hub backed by cutting-edge technologies like 5G, artificial intelligence and big data.