Stressing developing innovation and technology as a "new engine of economic growth," the spokesperson said that the HKSAR government has allocated substantial resources in recent years to upgrade technological infrastructure, build a vibrant ecosystem for startups, and pool and nurture more technology talent in Hong Kong.
Su Xiaohui, an international strategy researcher at the China Institute of International Studies, said it is not unexpected that countries ditched ties with Taiwan in recent years as more of them would choose partner for cooperation on the basis of long-term development and benefits.
Such a development would pit it squarely against Baidu's billion-dollar investment in AI and auto driving research, as well as Alibaba Group Holding Ltd, whose collaboration with SAIC Motor Co involves the adoption of its YunOS operating system across a select number of internet-connected cars.
Students from Shanghai Theatre Academy give a traditional puppet show in New York on Tuesday as part of the "Happy Chinese New Year-Shanghai Week", which allowed New York audiences a chance to experience Chinese folk arts. [Photo/Xinhua]
Such considerations have hardened the Chinese government's determination to strengthen financial support for manufacturing and foster the development of advanced technology. A recent statement from Finance Minister Liu Kun laid out fiscal policy's large potential to assist industrial upgrading.
Stressing the need to restore hog production as soon as possible, the circular called for enhanced efforts to prevent animal infectious diseases, including African swine fever and prompt response to new outbreaks.
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Stronger supportive measures are expected, including further implementation of tax and fee cuts and targeted monetary easing, to stabilize employment, trade, financial markets, investment, foreign capital, and expectations, economists told China Daily after a meeting of the country's policymakers.
Students affected by a magnitude 6.0 earthquake in Sichuan province are expected to return to classrooms in September when the fall semester starts.
Such glimpses of the shy Yangtze finless porpoise, the only aquatic mammal left in China's longest river and known in Chinese as the "smiling angel" for its perma-grin, are increasingly rare.
Sufficient supply and weak pricing in the international market will support China's steady imports of soybeans, he said.