The government also has a contingency plan in case of emergencies such as extreme weather, in order to guarantee sufficient supplies of gas for residential use during the winter.
The founder of the company, Ross Meaclem, told Xinhua on Wednesday that he was "excited" for the opportunity that the Torch program would provide his company through partnership with China, and looks forward to establishing mutually beneficial outcomes with businesses in the Chinese market.
The global information technology giant recently committed 9 million to expand the plant's capacity, and is now transforming its key product from wafer fabrication to nonvolatile memory chips. In 2016, it allocated .5 billion for the project, which is said to be the largest foreign investment since the opening-up of the city.
The government is scheduled to announce on Monday the first quarter unemployment rate which is predicted to rise from 3.7 percent to the highest in nine years.
The fourth London RMB Business Quarterly produced by the City of London Corp in partnership with the People's Bank of China, the country's central bank, showed that in the first quarter of 2019, the average daily trading volume of the Chinese currency in London was more than 78 billion pounds (.6 billion), up 30 percent year-on-year.
The fulfillment centers that power Amazon’s e-commerce business are similarly inundated. Amazon?temporarily stopped accepting shipments?of non-essential items to its warehouses so household goods and medical supplies could be restocked.
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The fourth and final aspect is, enterprises still face pressure to reduce their unsold products. The total inventory value of finished products for industrial enterprises jumped by 9 percent year-on-year in May, compared with a 14.9-percent increase in March, but is still at a high level compared with historical data.
The government submitted to the Legislative Council in July a proposal requiring civil servants to take an oath of allegiance. Before the proposal, more than 40 civil servants in the city had been arrested for their respective alleged roles in the anti-government protests in 2019.
The government should also step up the transformation of the country's diesel-powered trucks in the logistics and mining industries as they generate a large amount of carbon emissions, said Luo Xin, CEO of GCL System Integration Technology Co, a Jiangsu-based energy company specializing in clean and sustainable power production.
The government will refine pharmaceutical procurement policies, with steps to expand the pilot program of pooled procurement of medicines.