In 2017, 77.4 percent of government procurement contracts went to SMEs, said the MOF.
In April 2015, the ministry introduced a guideline saying that local governments' investment in PPP projects should be no more than 10 percent of their total expenditure for providing general public services. The aim of the guideline was to tame the investment implosion.
In 2017, the Renaissance EMU train achieved an average 350 km-per-hour journey between Beijing and Shanghai. That kind of speed would get you from London to Edinburgh in less than two hours. But the price is just a mere 20 pounds or so. In fact, China sells the cheapest high-speed train tickets in the world, which means if a Londoner gets on a Chinese high-speed train on Friday after work, it will be very easy to travel to Edinburgh and enjoy the most authentic Scotch whisky there.
In 2019, the carmaker delivered 86,752 vehicles in the country, up 8 percent from 2018. The country has been Porsche's largest market for five years in a row.
In 2016, global smartphone shipments were 1.49 billion units, an increase of 4 percent from 2015.
In 2019, the country had managed to renovate 19,000 aging residential communities across the country, which involved about 3.5 million households, according to the ministry.
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In 2018, the city's output value of silicon-based and bio-based new materials industry reached 80 billion yuan, and is expected to surpass 100 billion yuan this year, he added.
In August, police in Shanghai solved a case in which an online celebrity with millions of fans used livestreaming to sell counterfeit bags, clothing, jewelry and watches for more than 50 million yuan (.56 million). They captured more than 40 suspects in that case, including the celebrity.
In 2017, China's GDP logged a 6.9-percent growth, picking up the pace for the first time in seven years.
In 2018, FDI into the Chinese mainland is expected to see double-digit growth, buoyed by the country's forthcoming round of high-level opening-up measures following vows from the top leadership in recent months to further ease access to the world's second-largest economy by the outside world, Wei said.