Local governments in Chinese cities have introduced measures including subsidies for buyers and more available license plates to boost vehicle sales and stimulate domestic demand as the COVID-19 subsides in the country.
Looking ahead, stable profit growth in the industrial sector is expected to continue to play a positive role to support the economy, phasing out the negative impact of expected slower growth of credit expansion, as the nation is trying to curb shadow banking risks as part of broader efforts to contain financial risks, UBS Securities said in a research note.
Lopez-Gatell has kept revising his projections for total fatalities and as recently as June forecast up to 35,000 deaths through October. In early May, the estimate was 6,000.
Located about 100 kilometers away from Guangzhou, Zhaoqing has rich land and natural resources, cheaper labor force and low production costs, creating great potential for economic growth, he added.
Logo of Chinese tech company Xiaomi. [Photo/IC]
Local people celebrate the completion of a container port, which was built by China Harbor Engineering Co, in Namibia's Walvis Bay in August. [Photo/Xinhua]
广州哪个治疗白癜风专科好
Local residents started making pianos more than 30 years ago.
Long Tingyou, 63, is happy to see the Qingxi River cleaned up as part of a local effort to develop ecological tourism.
Located at JD's logistic center in Jiading district, Shanghai, the warehouse covers a combined floor space of 40,000 square meters. JD said all operations in the warehouse are fully automatic, including receiving goods, storage, packaging and sorting. The warehouse's handling capacity is expected to exceed 200,000 orders per day.
Local banks have also developed ways to supplement capital and ensure they have enough money for lending. For example, the Bank of Taizhou is likely to become the first city commercial bank in China to issue perpetual bonds, a method to increase its capital, the bank's executives said.