The free trade port greatly stresses environmental protection in the process of its development, strictly restricting real estate expansion, said Liu Cigui, Party chief of Hainan, citing the importance of building a diversified modern industrial system with limited land resources.
The government had earlier ordered closures of leisure venues including gyms, cinemas, game centers, party rooms, bathhouses and playgrounds, starting from Saturday.
The free trade zone market in Suifenhe, Heilongjiang province. [Photo by SHAO GUOLIANG/FOR CHINA DAILY]
The government decided on Monday to lower tariffs on a broad range of imported goods, including frozen pork and high-tech products, to satisfy domestic consumption and reduce production costs, starting Jan 1.
The global EV battery shipment surged to 106 GWh in 2018 from 1.08 GWh in 2011, which accounted for more than 56.1 percent of the lithium-ion battery industry.
The gala, produced by China Central Television (CCTV,) will feature a variety of performances including songs, dances, traditional arts and magic shows.
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The government will offer incentives for the building of platforms that serve the development of cross-border e-commerce and logistics services, the statement said. More work will be done to establish, improve and expand overseas warehouses, it added.
The funds have mainly gone to shantytown renovation, construction of indemnificatory housing, transportation and warehousing, post industry, manufacturing, water conservancy, the environment and public utilities, according to data from the China Banking Association (CBA), a non-profit industry organization.
The founder and CEO of Sinovation Ventures, a venture capital firm that specializes in creating successful Chinese start-ups, made the remarks recently to CNBC TV on the sidelines of the Davos forum.
The global AMOLED display market is dominated by South Korean companies. According to market research firm Omdia, worldwide smartphone shipments are expected to plunge by 13 percent this year as COVID-19 has affected both consumer demand and supply-chain availability. However, the market for AMOLED smartphone displays is expected to rise by 9 percent this year.