The registration of ownership and use right of the land, including the land owned by a rural community, should follow the same law and administrative regulations applied on the registration of real estate, according to the revised law, adopted by the Standing Committee of the National People's Congress at its bimonthly session.
The report is based on a ratio of the time spent traveling during rush hour compared to time spent with a free flow of traffic. A higher number shows more serious congestion.
The report identified key Chinese policies, including Made in China 2025 and the Belt and Road Initiative, as major driving forces for continued growth in Chinese outbound deals, although it warned that Chinese acquirers should approach deals strategically in the face of regulatory tightening overseas.
The relatively low interest rates of bonds at present will reduce the cost of debt for smaller banks and eventually benefit small businesses, Wen said.
The report also showed that trust changed profoundly in the past year with "my employer" becoming the most trusted institution globally. In China, "my employer" has gained the same level of trust as the government, which is higher than the global average and ranks second among all the markets surveyed.
The report said that resulted from more people looking for jobs in the internet industry, a 20 percent boom compared to the last quarter of 2017. However, internet companies didn't grow as fast as before. As a result, job positions in the market were reduced by over 40 percent. So, the competition in this sector became greater.
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The regulation is being amended, and overseen by an eight-member expert team including Chen Mingming, former Chinese ambassador to Sweden and Lynette Shi, an adjunct professor of translation with the Middlebury Institute of International Studies at Monterey, the United States.
The report forecast that in the coming five years, the Belt and Road Initiative, coupled with the firm Chinese economy and renminbi strength, will drive Chinese investment in emerging Southeast and South Asian markets.
The report forecast strong growth in the digital sector in 2018, citing the possible high brand value growth boasted by Chinese technology brands, with Alibaba, Tencent, WeChat, Baidu, JD.com and NetEase going up by an average of 67 percent year-on-year.
The report also underlined the importance of strengthening international cooperation to advance technological progress, in order to tackle the multiple challenges facing Asia and the world.