In 2018, authorities switched to a registration system instead of an approval process for potential operators in the eldercare sector. That was aimed at encouraging private players to replenish the service shortfall exacerbated by the rapidly aging population.
In 2018, bilateral trade volume amounted to nearly 200 billion euros (3 billion). Germany has been China's biggest trade partner in Europe for 43 consecutive years, while China has been Germany's biggest trade partner for three years, said Wu, noting that trade between the two countries has realized mutual benefits with "great openness".
In August, China's State Council also decided at an executive meeting to establish a long-term mechanism to prevent shortages and unreasonable price hikes of commonly used drugs. This included allowing producers to decide on the prices of drugs in shortage for a public procurement process without bidding to the authorities, and establishment of those production bases.
In April, the CSRC pledged to promote the opening-up of stock index futures. At present, onshore stock index futures are unavailable to overseas investors, and they can only hedge risks associated with investing in A shares through offshore instruments.
In 2019, most newly-listed companies would be small- and medium-sized manufacturers, technology firms and enterprises in the consumption sector, according to the report.
In 2018, China's total trade volume to the EU amounted to 4.5 trillion yuan (9.1 billion), up 7.9 percent year-on-year, according to data from the General Administration of Customs.
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In 2018 the villagers, supported by local authorities and businesses, started laying out roads. When the vital transportation links were completed two years later, the villagers began to sell their produce to the outside world. People from other parts of Guangxi and the country also started visiting the scenic village, which tapped agrotourism as a new income source for the farmers.
In April, the XC60 mid-size SUV was the top-selling model for the company, followed by the compact XC40 SUV and the large XC90 SUV. During the month, SUVs accounted for 66.3 percent of the company's total sales, up from 62.4 percent in the same month last year.
In 2016, the State Council published guidelines on establishing a fair competition review system, requiring local policymakers and regulators to perform self-reviews before issuing policies related to the economic activities of market players.
In 2017, per capita disposable income for urban and rural residents reached 30,671 yuan and 10,330 yuan, up 10.3 percent and 13.6 percent, respectively.