The chamber released its Business Confidence Survey 2017 on Wednesday, saying European companies reported that their business in China improved in 2016, with more than 50 percent of companies experiencing higher sales than the previous year.
The city will become the nation’s 15th city to join the club, backed by its economic development driven by science, technology and industrial innovation, according to a meeting hosted by the Ningbo municipal government on Tuesday.
The central bank has earlier stated that China will implement the "dynamic adjustment" of targeted reserve requirement ratio cut policies in the near future for better use of inclusive financing to shore up the virus-hit economy.
The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year-on-year, while local governments saw revenue up 3.3 percent to about 8.7 trillion yuan, according to data given by the Ministry of Finance (MOF).
The central government and various levels of local governments across China have been investing heavily in poverty alleviation over the years.
The central government will step up its efforts to stamp out inflated and falsified economic data after some local governments in the country cut their gross domestic product growth and admitted fudging key economic numbers, as part of the country's overall efforts to achieve high-quality growth, economists said on Monday.
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The change in the growth model is set to exert some pressure on the growth rate of the world's second-largest economy this year, and local governments should balance development quality and growth rates in the short term to iron out the negative effects of economic restructuring, Hu said.
The city Health Department said the schools could stay open only if the coronavirus positivity rate stays below 3 percent. Cuomo has repeatedly warned that the start of indoor dining in restaurants next month at 25 percent capacity could lead to a new wave of infections.
The city now has two national-level wetland parks and six provincial-level ones, all of which reflect China's efforts to emphasize sound ecological development as a basis for sustainable social and economic development.
The city state reported 233 new cases on Sunday, taking its total number to 2,532.