The donation follows Starbucks China's 3 million yuan donation to the China Red Cross Foundation. This donation was issued in the early days of the COVID-19 outbreak in China to help provide essential supplies and to protect and support the medical personnel working tirelessly at the front line in Hubei province.
The eurozone and Japan have adopted zero or negative interest rate for about four years. The US and the UK have reached zero interest rate level since this March. Therefore, it can be inferred that a low interest rate will continue in the major developed economies for quite a long time.
The domestic payment service provider and Guangzhou Metro made a joint announcement Tuesday that passengers can use Apple Pay with UnionPay's QuickPass service to directly pass through all subway stations' fare gates in Guangzhou, capital city of Guangdong province, the first of its kind in China.
The epidemic pushed LCD panel prices higher last month. The consultancy said display panels between 32 to 65 inches (81 centimeters and 165 cm) all saw prices rise by between and per unit in February. It is expected that LCD TV panel prices will maintain their upward trend in March.
The escalation in trade tensions between China and the United States, however, may lead to weaker business confidence and slower global trade growth, which is expected to weigh on investment and exports in 2020, said the report. The World Bank downgraded the projection for China to 6.1 percent in 2020, from 6.2 percent in the previous forecast.
The draft's full text has been published on the website of the NPC Standing Committee, which is soliciting opinions from the public and authorities.
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The emphasis on laws, facts, evidence and procedures while carrying out the campaign, as has been ordered by the central leadership, will also help reduce the chance of prosecuting the wrong cases, experts said.
The draft instructs governments and Communist Party of China committees at local level to set up target and evaluation systems to shoulder major responsibilities for promoting rural vitalization. It also orders them to report their local rural vitalization situation to the corresponding department higher up the administrative ladder, as well as the local legislative body or its standing committee.
The entrance of a Carrefour store. [Photo provided to chinadaily.com.cn]
The draft was based on an interim regulation on resource taxes which was promulgated by the State Council in 1993.