In a developed economy, the size of its stock market is usually 1.5 times or double the country's GDP. In JP Morgan's estimates, the size of China's stock market, or its fixed income market, is likely to be triple the size of the GDP in the next 15 years, if China maintains the speed of the ongoing opening-up. By then, the size of Shanghai's capital market could reach up to 0 trillion, which will be unprecedented all over the world.
In a separate action, Huo Ronggui, former deputy director of the agriculture and rural affairs committee of the Gansu Committee of the Chinese People's Political Consultative Conference, was expelled from the Communist Party of China and removed from public office for serious violations of discipline and law, Gansu's discipline authorities announced on Thursday.
In a raid, police arrested a suspect surnamed Gong and seized 227 wild birds.
In a speech earlier this year, Volkswagen AG CEO Herbert Diess, who is also president of Volkswagen Group China, said the group will produce some 70 electric models by 2028, with total deliveries reaching 22 million, and more than half of them will be produced in China.
In a statement, the Foreign Ministry Spokesman Bahram Qasemi said that the United States seeks to distract the global attention from its "illegal moves" concerning Iran's nuclear deal by threatening and insulting the Iranian nation.
In a statement, the police strongly condemned lawbreakers who deliberately place suspicious objects in public areas, stressing that if not handled with caution, such antics could lead to dire consequences.
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In a much-anticipated move, Google today unfurled a new cloud computing service that allows users to tap into the computing power of the search giant’s datacenters. Dubbed?Google Compute Engine, the new service is a direct rival to Amazon Web Services.
In a statement, the SAR government condemned the unlawful acts and expressed support for the police to strictly enforce the national security law and other laws of the city.
In a normal year, presidential primary results would be the subject of intense interest, but the fallout from the COVID-19 crisis, which has devastated the global economy and markets, has pushed most other news off front pages and TV screens.
In a letter to the store’s community of customers on Wednesday, Powell’s owner and CEO Emily Powell said that she was taking the stand to mark Independent Bookstore Day, which falls on Saturday.