The Havelian land port will serve as a transfer station where goods shipped from China can be loaded from trucks to trains after the planned China-Pakistan railway connecting Gwadar Port and Kashgar is completed, he said.
The Haikou Jiangdong New District covers 298 square kilometers on the east coast of Haikou, and will have two parts: a 106-sq-km ecological region boasting a key national wetland natural reserve, and a 192-sq-km area that will serve both industrial and urban purposes.
The Fitch analyst saw China's shadow banking "as more systemic and complex" relative to more developed markets, with significant interconnectivity and risk for the banks.
The Fuxing trains were unveiled in June and are capable of top speeds of 400 kmh.
The Global Dream will feature a high degree of innovations, state-of-the-art technologies like robotics (in the form of self-guided mobile assistants), artificial intelligence and digital systems, including Bluetooth locks, smart sensor cabins with voice recognition capabilities, touchscreen controls and more.
The FDI growth during the first three months was also spurred by China's rising labor costs and weak global market demand, said Lu Ming, vice-dean of the Academy of China Council for the Promotion of International Trade.
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The HKMA cut the CCyB ratio to 2 percent from 2.5 percent in October citing that economic indicators have signaled significant deterioration of the economic environment in Hong Kong since June.
The HKSAR government has committed over HK0 billion of relief funding to fight COVID-19 so far. It is estimated that the HKSAR government would see a record high deficit of more than HK0 billion in the 2020-21 fiscal year, Cheung said.
The Grand Princess was heading from Hawaii to San Francisco when it was ordered on March 4 to keep stay away from shore so 46 people with possible coronavirus symptoms could be tested. On March 5, a military helicopter crew lowered test kits onto the ship by rope and later flew them for analysis at a state lab.
The HKSAR government's decision of injecting a new round of funding was prompted by the latest epidemic situation which is not optimistic, Cheung said, adding that this round will be more focused on helping premises that are ordered to close under the social distancing measures.