Meanwhile, the fact that people are staying at home rather than traveling, to limit their chances of coming into contact with the disease, has boosted consumption, generating more business for general merchandise retailers.
Meanwhile, the per capita disposable income for the region's urban and rural residents in 2020 is estimated to grow 10 percent and 13 percent, respectively.
Measures will also be taken, to keep liquidity at a reasonable and ample level, as "counter-cyclical adjustments" to stabilize economic growth in the following months, it said.
Measures to support system liquidity and financial stability have limited disruptions from de-risking campaign. Liquidity conditions remained tight after the 100 basis point cuts in required reserve ratio in late April by the People's Bank of China. However, the RRR cut will improve liquidity conditions of small and midsize banks that have limited access to medium-term lending facilities, Moody's said.
Meanwhile, the initiative has boosted infrastructure construction and improved connectivity.
Meuleman's sunny outlook for the second CIIE is echoed by other expo attendees. Zhang Li, head of the FIWA SAS company, which aims to develop the presence of wine in China, expressed her willingness to have a more important presence at the next CIIE. "We certainly need to increase the space of our booth by three," she said.
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Medtronic employees learn how to use advanced surgical instruments at its clinical training center in Shanghai. [Photo provided to China Daily]
Members of the public are invited to weigh in on 22 topics, including macroeconomic management, technological innovation, epidemic prevention and control, employment, entrepreneurship, education, and healthcare.
Miami-Dade County officials are advising residents living in low-lying areas to start evacuating Wednesday, as well as individuals with special needs in Miami, according to the Florida Division of Emergency Management.
Meanwhile, they must surrender their passport to the authorities, and Temer is banned from holding any political positions, including positions of leadership inside his party.