To date, several insurance pioneer companies have been licensed to do business on the mainland. Manulife Financial Corp in Toronto teamed up with Sinochem Finance 20 years ago to form Manulife-Sinochem Life Insurance; while in 2013 Hong Kong's Convoy was the first to obtain the mainland's National Insurance Agent License.
To cut businesses' logistics costs, the government said it will standardize the charges levied by ports, railways and airports, and establish a mechanism to guarantee land use for logistics infrastructure.
Tmall's data show that women's consumption of flowers, books, tourism, wire-free bras, flat shoes and other so-called treat-yourself products is continuing to grow significantly.
To fully implement the holistic approach to national security, both development and security should be ensured, Xi noted.
Timeline
To get more access to dynamic Chinese consumers, Nestle China last year launched a pop-up cafe in Sanlitun, a central business area of Beijing. The move is an answer to Chinese consumers' increasing passion for the high-end coffee retail experience.
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To better meet the latest global market demand, textile makers in China have already begun to adopt renewable energy sources, environment-friendly textile materials including biomass fiber and recycled substances to make the whole production process pollution-free, as well as cut dependence on crude oil when producing common synthetic materials such as nylon or polyester, said Chen Chengqing, the company's chairman.
To attract more tourists, the provincial government has rolled out a series of policies, including slashing the entrance fees to major scenic spots by half, and offering discount vouchers worth 10 million yuan (.46 million) to visitors to promote the cultural and tourism sectors. The vouchers can only be used at specified venues.
To ease heavy air traffic pressure in Beijing, airports in nearby Tianjin and Hebei province have increased regional routes to meet the needs of people requiring access to the capital.
Titled "The Crossroads of Innovation and Globalization", the conference was hosted by HYSTA in Palo Alto, California. Established and emerging industry leaders got together to seek strategies for well-protected technology advancement and business expansion in a collaborative global environment.