In August, J&J lost at trial in Oklahoma, where a judge ordered it to pay 2 million for its part in the state's opioid crisis. The ruling included 7.6 million for addiction treatment, but the judge later corrected himself and said he intended to order a penalty of 7,600. As a result, the judgement could be reduced.
In 2017, the bank has provided a total of .2 billion allotted to 23 approved projects in sectors including transport, energy and telecommunication.
In April 2018, for instance, it announced the evaluation of the environmental impact of a project that planned to expand the old plant to produce 15,000 metric tons of butanone oxime and 3,250 tons of organic silicon annually.
In 2017, the number of IPOs in the Shanghai and Shenzhen stock markets reached 437, marking a historic high for volume and reflecting an increase of 93 percent compared to 227 in 2016. For value, the 235.1 billion recorded in 2017 was 56 percent higher than that generated in 2016.
In August and September, the government announced a stimulus package of HK.5 billion to shore up the beleaguered economy. The city's small and medium-sized enterprises would benefit from a slew of measures such as fee and charge waivers and rental relief for short-term tenancies of government land.
In April last year, the duties of the CNTA and the Ministry of Culture were merged into the new Ministry of Culture and Tourism.
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In 2017, China ranked the second in international patent applications, with some 51,000 Patent Cooperation Treaty (PCT) applications submitted.
In 2019, IBM launched its Cloud Pak solution. Douglas Miao, vice-president and general manager of cloud and cognitive software of IBM Greater China Group, said Cloud Pak has gained rapid growth momentum in China with over 70 companies, including Yangtze River Pharmaceutical Group adopting it.
In April, Baidu opened its self-driving taxi service in Changsha, Hunan province. Robotaxi provides free rides to passengers across an area of 130 square kilometers.
In 2017, the service sector accounted for 51.6 percent of GDP, up from 45.3 percent in 2012. Between 2013 and 2017, the service sector's contribution rate to the economic growth was 52.8 percent, much higher than agriculture's contribution rate of 4.6 percent and industry's contribution rate of 42.6 percent.