The impact of the current pandemic has far exceeded that of the severe acute respiratory syndrome in 2003. Affected by the contagion, enterprises are facing shocks not only in terms of labor shortages and supply chain disruptions, but also due to shrinking consumer demand for goods and services. Some enterprises are also facing risks in terms of cash flow, high debt and even bankruptcy.
The interests of China and the United States are deeply interwoven and a confrontational China-US relationship does not benefit anyone.
The implementation of the comprehensive second-child policy starting from late 2015, which allows all couples to have up to two children, has led to a steady growth in population, experts said.
The inspection will cover five major fields: supply-side structural reform, economic expansion demands, development of new growth engines, improvement of people's livelihood and prevention of financial risks, according to a statement released by the State Council.
The initiative has "renewed Europe's interest in China, and is seen as an opportunity to have more connectivity, more access to markets in one direction and another, more openness, and also to have a more balanced relationship," the diplomat said.
The interests shared by both outweigh any discord, Premier Li said.
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The industrial upgrade efforts will stabilize economic growth and help achieve more sustainable development, despite instabilities and uncertainties both at home and abroad, she said.
The import fair, which will be held on an annual basis in the years to come, will serve as evidence of China's support for globalization and willingness to share growth opportunities with the world.
The implementation process involves the Metropolitan Bank, the Popular Bank of Savings and the Bank of Credit and Commerce, and the state-owned telecommunications company, Etecsa.
The interior of Grange Grill. [Photo provided to chinadaily.com.cn]