The Oliver Wyman report said luxury purchases by Chinese tourists used to top the world's per-tourist spend list. But this has faded of late as luxury products now are not only less expensive but easily available at home. A Chinese national does not have to visit shoppers' paradises overseas to stock up on luxury goods and branded products.
The New York Times reports:
The National Energy Administration has come up with a seven-year action plan early last year, an attempt to ensure China's energy security. It called for the three major State-owned energy giants, including CNOOC, to boost the country's oil and gas reserves and production.
The New York Police Department and the Manhattan district attorney's office declined to confirm the news reports.
The Ministry of Industry and Information Technology has selected 206 pilot projects for smart manufacturing, of which 28 are related to industrial internet innovation, said Xie Shaofeng, an official with the ministry.
The NHC will also hold video conferences, to analyze the latest diagnostic, treatment, and infection prevention and control plans.
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The PBOC will further improve the green finance pilot program in the near future, including the launch of a green credit management system, to introduce unified green credit statistics standards, start mortgage and collateral financing of environmental equities and support the clean energy industry, said Chen.
The PRD region covers nine cities in Guangdong province -- Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Zhaoqing and Huizhou.
The Ministry of Industry and Information Technology has issued an implementation plan to support Hainan with the construction of the pilot FTZ and a free trade port with Chinese characteristics, which covers 17 specific areas including the development of the blockchain industry.
The PBOC is responsible for the "wholesaling" of digital RMB to designated commercial banks, and in charge of the whole "life-cycle" management of the system. Commercial banks and other institutions are responsible for providing digital RMB exchange and circulation services to the public.