Ying Yong, national legislator and mayor of Shanghai, said during local sessions that the city will push its FTZ to meet the highest international standards and will grope for ways to develop the "free trade port," an area that features minimized trade control measures.
Yi noted that a piece of beadwork made of crystal, agate and amber may have come from a foreign country during the Han Dynasty, and offers new evidence for the East-West exchanges along the ancient Silk Road.
Yu Shilin, a villager in Tongle, said people used to make too little money if they stayed in the village, so most headed to big cities. "But now an increasing number of villagers have come back to plant medicinal herbs," he said.
Yuan did not call the police immediately, as she thought the man had not committed any crime. Besides, police intervention might lead to a negative reaction from the man. Yuan decided to help the man herself, as she believed she had the power to turn things around.
Yu said Chinese villages still suffer from problems such as poor road conditions, shabby toilets, dirty environment, and undeveloped basic public services. The five-year plan has identified six campaigns to address these problems and improve rural people’s living conditions.
Yian Ke and Guo Fengqing in Washington and Heng Weili in New York contributed to this story.
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Yu, who has long advocated that the yuan should be allowed to float freely in accordance with market conditions, suggested that market-guided depreciation of the yuan is not something China should fear.
Yin Xiaoli, deputy secretary-general of the Beijing-based China Construction Machinery Association, said many of the opportunities (from the initiative) were raised due to the surging demand for public services, manufacturing and infrastructure projects in economies taking part in the initiative, especially in fast-growing economies such as Turkey, Poland and Saudi Arabia.
Yu added that the entry of new brands, either from abroad via cross-border e-commerce plat-forms or through local social media platforms, resulted in intensified competition among the established players, but also brought new dynamics to the market.
Yuan-denominated private equity and venture capital funds accounted for over three quarters of the capital raised in the mainland PE and VC markets last year.