Funds that used to flow into the virtual economy due to high yields are returning to factories that produce tangible goods. New loans in the real economy rose 11.34 percent to 13.84 trillion yuan (.2 trillion) last year.
GPG publishes and exports more than 8,000 kinds of books and 200 types of e-books and audio-visual products annually. It is now tapping multiple channels to serve the world better in the wake of the B&R Initiative, according to its top executive.
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Gao Hong, a subsidiary official at the public security department in Xuanhua, set up secret funds at Wang's instigation to collect money from public properties, which led to a 9.5 million yuan loss for the country, the procuratorate said.
Further details were not forthcoming. Compared to its competitors, Linjia was in its infancy when it went out of business. It was yet to earn a profit. Its sales revenues would not cover its expenses fully, it said in the statement.
GEIS is a nonprofit organization located in New York City, with a focus on education and cross-cultural communication in the entertainment industry.
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Gao Yan, vice-minister of commerce, said that the Belt and Road Initiative, put forward by Xi in 2013, has been supported widely by the international community, including South Asia, and more than 80 countries and global organizations have signed cooperation deals with China to jointly build the Belt and Road.
GDP grew 6.9 percent in the first half of the year, above the government's targeted growth of around 6.5 percent for 2017. Growth data for the third quarter is due for release on Oct 19.
Fu Chengqiu. [Photo provided to China Daily]
Gao Feng, spokesman of the Ministry of Commerce, said the country's trade surplus with the US is "complementary" from the perspective of the global value chain.