Industrial output went up 4.4 percent year on year in the second quarter. In June alone, industrial output went up 4.8 percent year on year, faster than the 4.4-percent expansion seen in May and marking the third consecutive month of growth, according to data from the National Bureau of Statistics (NBS).
In total, this year the bank will see increasing pressure on asset management due to the epidemic. "We have adopted active measures to deal with these impact and pressure," said Gu Shu, president of ICBC.
Industrial development progressing steadily despite downside pressures
Industry representatives from the United States, Britain and Germany among others attended the meeting.
Income from trade in services was .4 billion, while expenditures totaled .6 billion.
Information and experiences in the sectors of chain store retail, prospecting, real estate, tourism, furniture, building materials, security, logistics, insurance and agricultural processing also were shared with the delegates.
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Increasing supplies for rental projects is a long-term solution to resolve the overheating real estate market problem, according to recent government circulars launching policies to encourage development of the rental market in more than a dozen cities.
Industry data show only 1 percent of property owners pay tax on rental income. That's because the residential market sees a lot of direct informal deals between landlords and tenants.
Initial reports from officials in different provinces placed the overall death toll at more than 230, but Marasigan warned of double counting amid the confusion in the storm's aftermath and said the numbers needed to be verified.
Increasing pork production and supply will be the top priority for agricultural authorities in the following year to ensure pork production can rebound close to the level before outbreaks of African swine fever occurred, the Ministry of Agriculture and Rural Affairs said.