The "new normal" created by the COVID-19 outbreak, such as wearing masks and taking temperature checks in public places, has spawned huge demand for technology products that facilitate people's daily life, Sit said.
The million joint venture, which will be located in Zhejiang province, will initially focus on the ride-hailing market in Zhejiang, with plans to expand it to other areas.
That said, it is still too early to withdraw the fiscal and monetary stimulus package introduced to mitigate the COVID-19 effect, as some infrastructure projects and smaller businesses are still facing a funding crunch, they said.
The "four new inventions," namely, the high-speed rail, Alipay, bike sharing, and online shopping, have unleashed the forces of domestic consumption and revolutionized the socio-economic landscape of China, noted the Indian scholar.
The "Global Service Trade Development Index Report 2018" was the first of its kind and conducted by the Chinese Academy of International Trade and Economic Cooperation, affiliated with the Ministry of Commerce. It was released at the 2018 Global Trade in Services Summit on Friday.
The 13th five-year plan "catalyzed China's transformation from high-speed growth to high-quality growth, and brought science and technology to the highest national priority," said Robert Lawrence Kuhn, chairman of the Kuhn Foundation.
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That project, where Chang turned out to be the one and only volunteer, gave him the chance to showcase his capability and personality, so much so his name cropped up in the acquaintance's mind once a job opening appeared.
The 127th China Import and Export Fair will run until June 24 in Guangzhou, South China's Guangdong province, and it reflects the digital trend of China's economy in the future.
That will be followed by a partial recovery of 5.4 percent growth in 2021, down by 0.4 percentage point from the April projection.
That may sound a little scary. But Savitt says they take privacy seriously, allowing individual members to create their own settings. They also do not sell any of the data to third parties.