Overview
Overcapacity, poor corporate governance, and low labor productivity had dragged down profits of China's SOEs, which deteriorated in 2015.
Over the medium and long term, this is the foundation for China to move toward a "new economy" characterized by "information economy", "smart economy", "smart cities" and "smart transportation".Taking advantage of this opportunity, we will lay a solid foundation to lead the new economy into the forefront of the global economy.
Over recent years, many Chinese high-tech companies, like telecom giants Xiaomi, Huawei and CRRC, supported by the Belt and Road Initiative, have opened up foreign markets, helping make innovation a new "name card" for China.
Outbound investment activities of domestic firms should neither threaten China's national interests and security nor violate the country's macro-economic and industrial policies, according to the rules.
Over the past decades, Yuan and his team have worked on the construction of many of the city's largest bridges and repaired a major runway at Hongqiao International Airport.
排名优化有哪些
Over the past two years, Zhongguancun has been attracting several cutting-edge technology enterprises and drawn investment from hundreds of institutions. Currently, 134 companies are involved in the various stages of cutting-edge research.
Outbound tourism also shot up over the holiday.
Over the next four years, the market scale of China's AI sector will maintain a compound annual growth rate of 30.4 percent to reach .22 billion by 2024, according to the report.
Over the past 40 years, China’s GDP has averaged an annual growth rate of about 9.5 percent, Xi noted.