The region's small and medium-sized businesses (SMBs) are also looking to break into Asian markets, especially China, said Alejandro Salcedo, head of the Mexican chapter of the Latin American Association of Micro, Small and Medium-Sized Businesses (ALAMPYME).
The report said the northeastern provinces of Liaoning, Jilin and Heilongjiang, along with Hunan province and Chongqing, have the oldest workforces in the country, while Guangdong, Guizhou and Hainan provinces, and both the Xinjiang Uygur and Tibet autonomous regions have the youngest.
The remarks from UK officials, current and former, underline a more relaxed attitude to China's growing telecoms role than that shown by some of its closest allies.
The report shows consumers' attitudes towards new energy vehicles are undergoing a transformation, with a growing proportion willing to purchase them. Among those surveyed, 69 percent claim a willingness to purchase new energy vehicles, a 24 percent rise compared with the 2017 survey. Among the 69 percent, 13 percent are strongly in favor.
The renminbi as an alternative to the USdollars and oil settlement may be attractive over time as this helps diversify the risks from US control, Savage said.
The regulators announced the CDR program on March 30 to support the domestic listing of innovative companies. The program will cover companies from strategic emerging industries including information technology, artificial intelligence, high-end equipment manufacturing and biotechnology.
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The report also said outbound travelers spent an average 8.5 days on vacation during the national holiday. Nearly 60 percent of Chinese travelers chose tour packages of six to nine days to enjoy their break with family members.
The regional unemployment rate is projected to be around 13.5 percent by the end of 2020, 2 percentage points higher than projected in April and 5.4 percentage points higher than 2019's figure.
The regulator will push ahead with corporate information integration among different government departments such as the administration for market regulation and tax, so that banks can easily access the operational and financial data of small businesses, in addition to urging banks to improve their internal management mechanisms and to make different evaluation policies for small business lending, said Zhang at a news conference.
The report showed that in the first half, the net profit of city and rural commercial banks dropped by 12.6 percent year-on-year in Northeast China, 8.65 percent in the Circum-Bohai Sea region and 0.16 percent in West China. In the central and southeast coastal regions, however, the net profit of city and rural banks grew 0.87 percent and 5.36 percent, respectively.