The coronavirus contagion has shattered the global commercial aviation industry, and carriers have grounded planes and delayed orders for new planes. It has forced GE's aviation unit to furlough half of its manufacturing workforce for a four-week leave since last week.
The country has emphasized the need to cut corporate and government debt, but "we've noticed that the consumer leverage ratio also needs lowering", Guo Shuqing, chairman of the China Banking Regulatory Commission, said on Friday.
The core of the system is an anaerobic tank. Kitchen waste is ground before being pumped into the tank where it is broken down into biogas after coming into contact with anaerobic microbes. The system then converts the biogas into electricity and heat.
The consumption sector from the US, among other fields, particularly regarded China as their favored investment destination, as 76 percent of respondents ranked the country in their top three, up from 65 percent in 2017, "a significant increase from 2017", the report said.
The country should push for high-quality development of the sector with a focus on improving financial services and forestalling financial risks, he added.
The country will actively embrace and accelerate the construction of a new round of new infrastructure such as 5G networks and data centers, it was decided at a recent meeting of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee.
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The country will also grant more power to pilot free trade zones and explore the opening of free trade ports, according to the 19th CPC National Congress.
The continued robust growth of the Chinese market has helped Danish toymaker Lego offset its stagnant performance in the US and European markets.
The construction giant officially announced on Thursday launch of its online Open Day event on September 3 to enable online viewers from across the world to have a closer look at the projects under construction by the largest Chinese State-owned builder. The company has completed or participated in many world-renowned buildings, such as infrastructure work on Disneyland in Hong Kong and one of the world's tallest buildings, the Shanghai World Financial Center.
The country planned to install or upgrade another 64,000 toilets at tourist destinations from 2018 to 2020, according to an action plan released by the China National Tourism Administration.