The city's GDP grew 6.8 percent last year, exceeding the national growth rate for the first time in eight years, with the service sector contributing over 70 percent.
The central government has also rolled out large-scale fiscal measures to support economic growth and pledged further reductions in taxes, fees and corporate operating costs to mitigate the risks generated by the COVID-19 epidemic.
The city of Sihanoukville, where the special economic zone is located, has Cambodia's only deep-water port. The city was carved out of the jungle in the 1960s and named after former King Norodom Sihanouk (1922-2012).
The ceremony was hosted by conference chair and researcher Liu Huizhou, director of the Documentation and Information Center of the Chinese Academy of Sciences. Director of the Spectroscopic Committee of the Chinese Optical Society Xie Mengxia made the opening speech and said it is these scientists' contributions to China's spectrum industry that have made China a leader in the international arena. The number of delegates at this conference exceeded 600, and the number of research papers received was close to 400. He sincerely hopes everyone will continue to support the National Spectrum Conference.
The central bank's top researchers have agreed recently that higher interest rates will help to squeeze asset bubbles and restrain debt expansion, as a tool to be used with broader oversight of financial activities.
The city's unemployment rate jumped to 5.2 percent during the February-to-April period, the highest in over 15 years. Plagued by months of social unrest and the coronavirus pandemic, an estimated 200,000 people are jobless.
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The circulation of farmland, which resulted in small plots of land scattered among individual households being brought together under unified ownership, has greatly boosted economies of scale in agricultural production. In turn, that has generated more profits for the rural economy and contributed to the development of modern agriculture in the city, the commission said.
The central parity rate of the yuan, the daily trading reference, was raised to 6.5269 per dollar on Thursday, the ninth consecutive day that it has been lifted. It hit the highest level against the dollar in nearly four months, while both the onshore and offshore spot rates reached a 16-month high.
The city and the state have been big supporters of the EB-5 visa program, which grants a green card to a foreign investor that invests at least 0,000 to million in a project that creates at least 10 jobs for American workers.
The city recorded no new infections or deaths on both Monday and Tuesday, paving the way for authorities to declare the second wave of infections, which peaked at over 700 daily cases in early August, effectively suppressed.