The report also suggested adjustments in the distribution of intellectual property. Currently, patents created by faculty members and staff are owned by universities unless inventors buy out the patent at unaffordable prices. Some global institutions allow inventors to assume full ownership if the invention is independently commercialized.
The regulation also underlines the application of the evaluation results. A third-party institute could be introduced to help with the performance assessment independently when necessary. The audit and evaluation results will be a major indicator for budget planning.
The report also examines the prospects for developing Asia by sub-region: Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific.
The report concludes that the solution lies in ensuring children and parents learn about the vital importance of healthy eating and physical activity from a young age.
The regulator has told the Shanghai Administration for Industry and Commerce, as well as other regulators, to investigate the Pinduoduo allegations.
The report comes as the Trump administration and US lawmakers are seeking tighter scrutiny of Chinese investment in the US through a significant expansion of the CFIUS.
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The region's increasingly close interactions and cooperation with the mainland have "injected strong impetus to its development" said Huang, while stressing that the region has kept its distinct features and strengths.
The regulation said social e-commerce operators, platforms, and service providers cannot disclose, falsify or damage users' personal information which they have collected, and cannot provide the information to others without the consent of users.
The report said, technical innovation is an imperative driving force in developing a brand. In recently years, major NEV makers have seen growth in new technology applications and number of patents. The Chinese brand BYD Auto has 1,007 patents, and BAIC BJEV a total of 818.
The report said it expects demand for consumer finance to increase rapidly after the epidemic tapers off, as pent-up consumption demand gradually recovers, while young consumers, the major client group of consumer finance services, are hit particularly hard by the virus in terms of employment and income.