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Luo Zhiheng, a researcher at Evergrande Think Tank, agreed, saying more effort is needed to support the growth of the corporate sector.

MANILA — The Asian Development Bank (ADB) upgraded on Wednesday its gross domestic product (GDP) forecast in developing Asia, saying that economic expansion in the region will accelerate to 6 percent in 2017 as stronger-than-expected exports and domestic consumption fuel growth.

MACAO - The Gross Domestic Product (GDP) of Macao dropped by 48.7 percent year-on-year in real terms in the first quarter of 2020, the special administrative region (SAR)'s statistic service said here on Saturday.

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Lu made the remarks during the World Economic Forum's annual meeting of New Champions 2019, also known as the Summer Davos. The event was held in Dalian, Liaoning province, earlier this month.

Luo said the nation fully supports Hong Kong's efforts to combat the epidemic, as shown by the mainland's shipping 17 million face masks to Hong Kong and the suspension of tourist visas to the city.

MEXICO CITY - A Mexican governor and her senator husband were killed on Monday in a helicopter crash near the city of Puebla in central Mexico, the government said, just days after she had taken office following a bitterly contested election.

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MACAO -- Macao's general unemployment rate from June to August 2018 was 1.8 percent, the unemployment rate of local residents stood at 2.4 percent, the special administrative region's statistic service said on Saturday.

Louis Kuijs, Hong Kong-based head of Asia for Oxford Economics, expects the growth target to be set at around 6.5 percent in March, but he believes there would be benefits to setting it lower.

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Low social status and poor pay mean few men apply to work with the youngest children. Zou Shuo reports.

Lu added that Guangxi's ecological industries have placed priority on developing new energy and clean energy vehicles and developing renewable energy, biomedicines and new materials as well as energy conservation and environmental protection.