The base was completed in June, and more than 53,000 square meters were sown with pears, peaches and herbs, plus white poplar trees which will eventually be sold as lumber.
The bank submitted applications around two months ago, and the regulator has chosen the proper timing to make the announcement, according to people familiar with the matter.
The biggest challenge is also a major opportunity for the country - how to make China's economy not only big but also strong and sustainable.
The ban caters to a growing demand for sustainable development and public calls for a cleaner environment in recent years, and it's a step China urgently needed to take, he said.
The average life expectancy of Chinese people increased to 76.7 years in 2017 from 74.8 years in 2010, said the report.
The author is former vice-minister of commerce and vice-chairman of the China Center for International Economic Exchanges in Beijing.
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The average reading of Hong Kong's Purchasing Manager's Index (PMI) for October and November combined stood at 38.9, IHS Markit said Wednesday in a report, stressing that the level pointed to the weakest quarterly economic performance since the London-based consulting firm started the survey on the financial hub in 1998.
The ban came into effect on Jan 1 this year in all 332 conservation sites along the river. From Jan 1 next year it will be applied to the entire main river course and key tributaries.
The association solicited opinions from major feed companies in China, and 29 pledged to adopt the standards, he said.
The ban cites "sovereignty and integrity" concerns, and Chinese companies subject to the policy include short video app TikTok operated by ByteDance, the WeChat messenger from Tencent, Alibaba's UC News and Xiaomi's Mi Video Call.