In the first 11 months, local governments issued 2.55 trillion yuan worth of special bonds. China also allocated ahead of schedule part of next year's special bonds quota worth 1 trillion yuan.
In the face of the COVID-19 challenges, economic stimulus and relief measures of the HKSAR government has boosted the deficit by nearly 290 billion Hong Kong dollars (.41 billion) and the fiscal reserves have dropped to about HK0 billion.
In the face of global market volatility and rising protectionism, one of the most important tasks for Russia and China is to increase the stability of their trade and economic relations, Manturov told Xinhua in a recent interview.
In the first half of this year, the airport netted sales revenues of 4.61 billion yuan (0 million), an 8.8 percent increase year-on-year. Of that total, non-aviation income reached 2.16 billion yuan, jumping 13.5 percent over the previous period, according to its latest earnings report.
In the first five months, 12,159 new foreign-funded enterprises were established on the mainland, up 11.9 percent. The high-tech service sector attracted 48.64 billion yuan of foreign capital, up 20.5 percent year on year, according to the MOC.
In the United States, truck-rail, truck-sea and rail-sea transportation links are the major transportation means for routes over 800 kilometers, while in Europe, these forms of transportation accounted for about 25 percent of all transportation means in 2015, according to Kang. But such transportation links are rare in China, partly due to tight control over the rail network, which is considered one of the most effective means of mid- and long-distance transportation in such a large country. The railway system has long been viewed merely as a "transport vehicle" rather than a part of the logistics industry, Kang said. In addition, China has many railway bureaus, each handling its own business without much coordination. Trucks, on the other hand, have taken over about 78 percent of mid- and long-distance freight transport in the country. They not only consume large amounts of energy, but also cause congestion and emit pollutants. Traditionally, the rail, road and water transportation systems in China are operated by different departments without a unified system, making coordination very difficult. As these logistics methods went their own ways, resources were wasted, costs were high and the environment was polluted. But that situation is set to change in an industry with an annual revenue of more than 3 trillion yuan (8 billion). With the advancement of supply-side reform, the Belt and Road Initiative and the improvement of information technology, multimodal transportation is experiencing a period of great development potential, said Luo Peng, president of Huochebang.
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In the early days, very often people being approached found the idea of preserving their memories strange. "We are lonely workers and we don't have any money. You should be talking to those famous people, not us!" – they would say.
In the future, people may not need to own a private car by themselves, as they can resort to car-sharing services.
In the first three quarters of this year, a total of 1.78 trillion yuan was cut in taxes and fees, including 1.51 trillion yuan in tax cuts and 272.5 billion yuan in social security fee cuts, according to the latest statistics of the State Taxation Administration.
In the first half of this year, China's AI startups secured record financing of 19.3 billion yuan (.87 billion), according to a report released by tech-investment data website itjuzi.com.