The report delivered at the 19th National Congress of the CPC clearly stressed that the original mission of Chinese communists is to seek happiness for the Chinese people and rejuvenation of the Chinese nation.
The removal of these countries from the US' internal list of developing nations will make it easier for the US to launch an investigation into whether these countries are unfairly subsidizing exports.
The report also released a cross-country metric, Human Capital Index, as a gauge of identifying the productivity of the next generation of workers. Taking into consideration survival rates, education and health levels, China ranked 46th among all 157 surveyed countries.
The report said electric buses from BYD accounted for 20 percent of the market in Europe and more than 60 percent in the United Kingdom in 2018. Those from Chinese brands were the most popular in South Korea.
The report generated heated discussions in the industry over Chinese regulator's next move on IPO rule change as CSRC officials have vowed to make the country's IPO market more inclusive and more favorable for technology firms.
The report said consumer credit is the major credit product used. About 43.3 percent of the young generation believe that credit products are a smarter way of consumption. Online installment products account for 16.9 percent of the young people's monthly incomes, while credit cards account for 13.7 percent.
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The regulation introduced new guarantees for SMEs to ensure they are paid in full by government agencies, public institutions and large enterprises, including limits on payment times, information disclosure on overdue payments, and punishment for defaults.
The report is jointly developed with Moody's Analytics.
The report also found 10 other low ranking officials - five from Xihongmen township and five from Xinjian village - directly responsible. Cases have been filed against all of those officials and they now are under investigation, the report said.
The report said the private equity and venture capital investment volume in the TMT industry slightly recovered in the first half of 2019 after a sharp drop in the fourth quarter of last year. There were 1,649 PE/VC deals in the TMT industry in the first half of 2019, down 12 percent from the second half of 2018.