In the past five years, steps have been taken in investment, trade liberalization and facilitation, support of financial services for the real economy, and the transformation of government functions. FTZs have become a major force in attracting foreign investment, said Wang Shouwen, vice-minister of commerce.
In the past, during peak travel times, many travelers found themselves unable to buy a ticket to their desired destination. Hence, they bought one for a shorter distance instead and then purchased additional tickets from conductors.
In the past, regulators tended to halt trading if a stock hit the daily upper limit on several trading days in a row. But such excessive caution has eased a bit of late, partly thanks to reform and opening-up, Hong said.
In the past six years, it has safely transported 672 million passengers.
In the past four years, corruption has stopped spreading and a "crushing momentum" against graft has taken shape, Xi said on Friday.
In the latest efforts, authorities decided to limit overseas investments by domestic companies in several fields, including real estate and sports clubs, while encouraging them to invest in infrastructure and new technology.
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In the past four decades, CASS has played the role of a think tank to provide services for the decision-making process of the Party and the government, Xi said.
In the seven places, 4,660 officials were held accountable for their poor performance on environmental protection. Some areas even saw pollution get worse as a result of their decisions, the statement said.
In the long run, Morgan Stanley maintained an optimistic outlook on the Chinese economy as growth will be bolstered by new drivers such as consumption in smaller cities. It estimated that domestic consumption will rise to .7 trillion by 2030 from .4 trillion in 2016, with two-thirds of the consumption growth from third and fourth-tier cities.
In the past two years, progress has been achieved in the exhibition, retail and financial industries. Yet there is still some distance to the appropriate level of diversified economic development, Ho said.