To boost the economy affected by novel coronavirus outbreak, Shanghai authorities launched "May 5" shopping festival that lasted for two months, issuing a total of 28.6 billion yuan worth of coupons and vouchers. Additionally, SAIC Motor and other local auto manufacturers offered at most 45 percent discounts for vehicle purchasing, which promoted car consumption to a great extend, with sales in May up 8.9 percent year-on-year.
Titled A Future for the World's Children?, it includes a new global index of 180 countries comparing performance on child survival and well-being, based on health, education, nutrition and sustainability, as well as greenhouse gas emissions and equity or income gaps.
To better harness financial cycles, the PBOC, like many other central banks, has adopted a policy framework that involves the use of both monetary tools and macro-prudential regulation to make counter-cyclical adjustments.
To ensure that economic growth and environmental protection go hand in hand, the plan encourages the development of industries that have a low environmental impact.
To enhance the railway transportation capability, an additional 1,152 and 1,330 train services will be scheduled before and after the festival respectively, on the basis of 3,819 operating trains every day, according to Li Wenxin with China Railway Corporation.
To further expand its presence in overseas bars and pubs, Shuijingfang has hosted two cocktail contests in select cities and towns in the United Kingdom and the United States over the past two years.
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To channel more companies into the real economy-i.e. the manufacturing of physical goods-the city introduced a variety of financing options to quench the capital thirst during business expansion.
To add to the confusion, US President Donald Trump this month ordered a ban on WeChat, the Chinese messaging, social media and mobile payment app, being available on Apple devices.
To date, 2,020 companies from 38 countries and regions have been approved to ship meat imports to China. From January to August, the country imported 6.58 million metric tons of meat products, exceeding last year's total import volume.
Timing for the rollout will be announced this summer, they say.