The city has attracted global giants and encouraged local firms to cooperate with the local government and tap into this market with huge potential.
The children couldn't read. That was the first thing Leung Waiming, a former headmaster from Hong Kong, noticed when he visited a rural school in Shaoshan, a city in Hunan province, in 2007. What possible future could they expect in the modern technological era? he wondered.
The center, mainly supported by Chinese research teams, will develop, produce, and test batteries for BMW Brilliance.
The city government will work to make it easier for small and micro businesses, which play a key role in people's employment, to obtain loans and spur these enterprises to hire more people, Wu Gang, chief accountant at the Wuhan Municipal Human Resources and Social Security Bureau, said at a press conference held in the city on Monday.
The central bank will take measures to stabilize prices, as "we believe that China will never have large-scale inflation," said Fan.
The central bank has skipped reverse repos for seven consecutive working days.
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The city's five-year development plan for boosting its emergency rescue network states helicopter aprons will also be constructed at hospitals, government buildings, railway stations, major shopping plazas, scenic spots, bus terminals, stadiums and highways by 2020.
The central government is firmly against any interference in Hong Kong affairs in any form by any external forces, and will unswervingly safeguard national sovereignty, security, development interests and Hong Kong's long-term prosperity and stability, the spokesperson said.
The central bank reaffirmed subsequently that it would not issue any "short-term stimulus" measures to boost the property sector, as an engine to boost economic growth. Analysts said the PBOC action showed its concern about excessive easing, which may cause high debt levels, such as the side-effects of the massive stimulus after the 2008 global financial crisis.
The ceremonies were held prior to a Friday meeting in Beijing to mark the 70th anniversary of the CPV entering the DPRK to fight the war.