The home of tomorrow, full of automated gadgets controlled by an AI?housemaid, is not as far fetched?as we once thought.?From?Amazon’s Alexa platform, to?the recently?unveiled Google Home, to?Microsoft’s Smart Fridge, homes are becoming more smart and connected than ever before.
The high-tech industry is one of the biggest contributors. In the first half of 2019, the output value of the city's high-tech industry hit more than 1 trillion yuan, up by 11 percent over the same period of last year, and its added-value surged more than 12 percent, the data showed.
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The growth of investment in online asset management products and peer-to-peer lending products, which refers to the practice of lending money to individuals or businesses through online services that match lenders with borrowers, also caused a decrease in bank deposits. But the growth has slowed down, thanks to a campaign launched by the China Banking and Insurance Regulatory Commission this year to rectify the market chaos in the banking industry by making these products standardized, he said.
The greater importance attached to technology is one major impetus of Chinese companies' growth. Nearly one-third of the Chinese companies interviewed believe that technology, including artificial intelligence, is the major contributor to improved productivity.
The guideline, jointly released by the Communist Party of China Central Committee and the State Council, aims to enable greater integration between budgets and performance management, and to improve efficiency of financial resource allocation and utilization.
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The guidelines, built on experiences of typical cases, are aimed to offer a good reference for judges when they look into similar cases, the court said.
The guideline warned of penalties if school authorities failed to execute the order, and said officials will be held accountable.
The greater confidence is a result of the more active and consistent saving behavior, as 51 percent of the Chinese millennials said they have started saving this year, compared with 48 percent in 2019 and 44 percent in 2018.
The governor urged Hainan's government departments at all levels to enhance their ability and strength to push forward Hainan's comprehensive in-depth reform and opening-up and realize the blueprints charted by the central government.