The official recognition will push the applications of blockchain technology and power fast spending growth in the sector, said Xue Yu, a researcher with the IDC.
The ongoing novel coronavirus epidemic will accelerate centralization and reshuffling of the advertising market to promote creativity-driven and results-oriented marketing, experts said.
The next big technology innovation, Kenny believes, is AI, which is expected to change the way consumers and manufacturers behave, the way of supply chains, and the way of workforce and automated research.
The old regulation, released in 1995, included a slew of stringent rules for foreign enterprises, such as the need for written applications to establish representative offices in China and the need to register within 30 days when they received approvals, or the approval would be invalid.
The number of investment and financing transactions in the internet industry surged to 220 in the second quarter, up 91.3 percent quarter on quarter, and 105.6 percent year on year, said the report released by China Academy of Information and Communications Technology, a research institute under the Ministry of Industry and Information Technology.
The number of daily active users of Weibo had reached 154 million, according to the financial statement.
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The non-ferrous metals took the largest share of re-exports, constituting a share of 61.1 percent of total re-exports mainly to China. The non-ferrous metals which were re-exported were mostly sourced from Zambia and DRC, he said.
The number of equestrian clubs in China shot up from 100 in 2008 to 907 at the end of last year and is still rising by about 100 a year, said Kuang Zuosheng, director of the Shanghai Equestrian Sports Management Center, at a horse industry seminar in Shanghai in April.
The official manufacturing PMI, which mainly tracks large firms, fell to 49.2 in February from 49.5 in January, marking the third straight month of activity contraction, according to data released by the National Bureau of Statistics on Thursday.
The news, however, will present a challenge for American's pastime, which just began an abbreviated 60-game schedule last Thursday.