To better confront protectionism, he said ASEAN and China both export a large amount of manufactured goods, agricultural and commodity products to global markets annually. They have been upholding a rules-based multilateral trading system and promoting regional integration.
To better contain risks, he said regulators have set requirements on the scope of investment for different institutional investors, putting limits on leverage ratios of investment products and on the proportion of investment in equity assets to total assets.
To further improve the air quality for the 2022 Winter Olympics, Yanqing also ramped up efforts in replacing coal-fired boilers with clean energy sources. Apart from boilers in its two central heating centers in the east and south area, Yanqing has completed the clean energy campaign, with a total of 1,178.2 tons of coal-fired boilers replaced by clean energy sources. After replacing the boilers in its two central heating centers this year, the district will use no coal in heating in its downtown areas.
To ensure the smooth delivery of imports and exports, Harbin Group has promoted proactive measures, such as making special transportation plans for different enterprises and enhancing port clearance efficiency.
To date, more than 1,800 companies have been registered by Taiwan investors in Hainan, including in agriculture, manufacturing and service industries.
To avoid it, the two nations should first recognize how dangerous falling into the trap might be and then find a new form of great-power relations to avoid it, said the author of Destined for War: Can America and China Escape Thucydides's Trap? (Houghton Mifflin Harcourt, 2015).
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To deal with such pressing problems, government officials are keen to overhaul how a city is managed by leveraging the latest technologies such as artificial intelligence, the internet of things, big data and cloud computing.
To ensure that the corporate sector, especially smaller businesses, can recover from the COVID-19 shocks, the ministry will continually cut taxes and fees to achieve an annual goal of more than 2.5 trillion yuan, said Chen Donghao, deputy head of the tax policy department of the Ministry of Finance.
To achieve that, Cheng stressed, the "one country, two systems" principle must be upheld, and a stable environment conducive for all industries must be secured.
To ensure that enough funds can be raised and used for infrastructure projects, the Ministry of Finance has urged local governments to revise the rules so that fully foreign-funded banks, Sino-foreign joint venture banks and foreign banks' branches in China can all underwrite local government bonds.