Outbound travelers were mainly from cities including Shanghai, Beijing, Guangzhou, Hangzhou, Nanjing, Suzhou, Chengdu and Wuhan. Overseas travel saw the clearest growth in middle and central China, including Zhengzhou, Xi'an, Chongqing and Taiyuan.
Overall, the new policy is expected to be "credit positive" for the country as it will encourage foreign capital to flow to financial firms and strengthen their risk management capabilities.
Over 1 billion yuan (about 3 million) in fines was handed out in 1,046 cases, where violators must pay daily fines until they address their wrongdoings, up more than 43 percent and 31 percent year on year, respectively.
Over the past years, China has been setting up specific courts to hear intellectual property rights cases. One of them in Beijing, which was set up in 2014 and was China's first IPR court, handled about 18,000 cases in 2018, up 19 percent year-on-year, according to a Xinhua report, including cases brought by foreign companies and multinationals.
Overseas financial institutions are welcome to establish foreign-controlled securities, fund, and futures branches, Yi said. Efforts should be made to attract more world-class investment banks and asset management firms. To that end, the regulators should continue to create an equal business environment,the CSRC chairman said.
Out of that, population of ethnic minorities increased by 22.14 percent, Uygur population by 25.04 percent and Han population by 2 percent.
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Over the last few years, Ant Financial has pursued partnerships with numerous merchants in Europe which now accept payment from Chinese tourists and online shoppers through Alipay.
Over one-third of enterprises and organizations have "cloud investment" among their top three priorities for investment, a recent survey by the firm showed.
Overall, global smartphone sales in February showed weakness in many markets as consumers became cautious. "But with the growth of online channels, we saw sales shifting from offline to online," the Counterpoint study said.
Over the years, Chinese companies have built a number of mega projects in Tanzania, including roads and bridges, creating about 150,000 job opportunities. Some 350,000 Tanzanians are engaging in jobs relevant to trade with China, according to the Chinese Embassy in Tanzania.