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To enhance domestic crude production, on the other hand, also requires more capital expenditure, which is especially challenging against predictions of future oil wells fading and domestic output falling with new discoveries tending to be smaller and more costly, said Li Li, research director at energy consulting company ICIS China.
To accelerate urbanization, financial measures will support the development of key urban development projects, strengthen infrastructure construction and promote investment. That will include boosting bank lending and the launch of real estate investment trusts (REITs), according to the NDRC.
To boost the supply of talent, more colleges and vocational schools will introduce majors to train day care center workers, and the government will include infant caregivers in its subsidized vocational training scheme, according to the plan.
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To address the woes, Zhang proposed that village authorities build platforms to help connect local farmers with consumers using e-commerce and modern logistics services.
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To define concrete requirements, relevant local standards and procedures will be rolled out this year, the commission said.
To better integrate with the international community and attract foreign investment, many countries in Central Asia are taking measures to strengthen accounting infrastructure, said experts.
Titled "The Crossroads of Innovation and Globalization", the conference was hosted by HYSTA in Palo Alto, California. Established and emerging industry leaders got together to seek strategies for well-protected technology advancement and business expansion in a collaborative global environment.
To deliver the outcomes, the leaders called for consolidation of the ASEAN+1 FTAs and building new economic linkages between ASEAN's FTA partners that do not have bilateral FTAs with each other.