The concept was first raised at a high-profile meeting of the Communist Party of China, presided over by Xi Jinping, general secretary of the CPC Central Committee, on May 14. At the meeting, the nation was urged to "fully bring out the advantage of its super-large market scale and the potential of domestic demand to establish a new development pattern featuring domestic and international dual circulations that complement each other".
The coronavirus has pushed companies to evaluate their role and responsibilities, measure their resilience and address weak points, Gibbs said, adding that Chinese customers are expecting to accelerate the growth of intelligent enterprises.
The country aims to build 650 skating rinks and 800 ski resorts by 2022, laying the foundation for the winter sports industry to generate 1 trillion yuan (6 billion) by 2025 in gross revenue, including spending at venues, equipment production and training fees.
The country has stepped into the era of the "new normal" where GDP (gross domestic product) growth is measured and steady. The livelihoods of people have also benefited through increased employment, a rise in incomes and a slowdown in commodity prices.
The cooperation deal was signed on the sidelines of the 15th China (Shenzhen) International Cultural Industries Fair, held in Shenzhen from Thursday to Monday.
The coronavirus outbreak plays out against a sluggish worldwide economy, but so far the US economy, now in its 11th year of expansion, hasn't been hit hard.
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The construction in the Shenzhen Sports Center that was being dismantled collapsed at about 11:40 am, trapping four workers, according to the government of Shenzhen's Futian district.
The conclusion was based on 11 graduate employment quality reports from C9, a bloc of nine reputed Chinese universities, including Tsinghua University and Peking University, as well as Wuhan University and University of Electronic Science and Technology of China.
The consumer inflation level will be kept generally stable, ensuring stable pork supply and prices, while effective investment will be expanded, with issuance of all the special local government bonds within this year's quota by end-September.
The construction of a livable city with a suitable working environment is another objective the city has set for its future development.