The new move will also boost the yuan's global use through increasing the trade of yuan-denominated oil. Currently, the main global benchmarks for crude oil are priced in US dollars, threatening China's energy and economic security.
The new United Nations envoy for Yemen Martin Griffiths (Front) addresses a Security Council meeting on Yemen, at the UN headquarters in New York on April 17, 2018. [Photo/Xinhua]
The new products are tailor-made for Asian consumers, who crave luncheon meat, with many from Hong Kong considering it their favorite processed meat, said David Yeung, founder of the company.
The new law, granting more flexible market access to foreign firms in China, is hailed as a boost to their confidence in expanding investment in the world's largest developing economy.
The newly-opened virtual store at Tmall will provide about 3,800 Ikea products, which is about 40 percent of all products that Ikea provides in a physical store. Delivery services will be provided by third party logistics companies, while Ikea will be responsible for warehousing. Assembly services will be provided by companies designated by Tmall.
The new residents, mostly young workers, assemble and examine the different parts of smartphones, laptops and computers on the busy assembly lines before the final products reach consumers all over the world.
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The negative impact of the protracted strife on Hong Kong's economy has begun to emerge, Chan said, adding that it depends on the Hong Kong people's decision whether the impact would be deeper and broader and affect more people's livelihood or not.
The new venture, jointly established by CITIC Ltd, CITIC Capital, Carlyle Capital and McDonald's, paid .08 billion for the US fast food chain's business of about 2,700 stores on the Chinese mainland and in Hong Kong, under an agreement reached this January. The transaction of the deal was completed on July 31.
The new energy vehicles (NEVs) can help meet the city's environmental protection goals, as there are not yet enough chargers for pure electric cars in the region, Cao said.
The newly elected Kuomintang county and city heads all publicly declared that they will uphold the 1992 Consensus and expect more cooperation with the mainland to stimulate economic development.