The increasingly digitalized way of life in China is also prompting advertisers, including carmakers, to spend more online. Statistics from market researcher CTR shows internet-based advertisement revenue grew 18.5 percent year-on-year in 2016, while expenditure on traditional advertisement fell 6 percent in the same year.
The importance of building a national anti-corruption system was highlighted at the meeting, and the system should be under the unified leadership of the Party, with full coverage, authoritative and effective.
The initiative, proposed by President Xi Jinping in 2013, will accelerate the expansion of the bank's global footprint and its transition into becoming a truly global financial services provider, Zhang said.
The industrial central province of Hubei reported just one new confirmed case of the novel coronavirus disease (COVID-19), from Wuhan, and no new suspected cases on Tuesday.
The improvements to access are closely linked to economic development. When the People's Republic of China was founded, the country was poor and lacked both the awareness and money to improve access for disabled people.
The industry structure has been optimized toward up-sizing since a new batch of large refineries went into operation as the 13th Five-Year Plan (2016-2020) period enters the home stretch.
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The idea is to leverage Luxembourg's position as an international financial center that can bridge international financial gaps, and more specifically between Europe and Asia, he added.
The increased discharge ensured the water and power supply in the downstream areas and also met the shipping demand during the drought season, it said.
The immediate impact of the proposed wealth tax is unclear. The super rich invest rather than letting huge sums languish in bank accounts. A wealth tax would almost certainly force Warren's "ultra millionaires" to sell assets each year to pay the tax. That probably would make the seller subject to capital gains or additional income taxes. The effect on investment in new companies and the next round of innovation is unknown, critics argue.
The individual pension market in China will see great development potential in the future due to increasing pressure from an aging population and growing market demand, according to industrial experts.