Stephen Maher, president of Mondelēz China later said, "Its opening is of great strategic importance to the China market. This means China will be the first market to enjoy the results of the research here and that Chinese consumers will be able to get more biscuit products with new tastes, new formulas and new forms faster."
Starting from next month, we will cut import tariffs for more than 1,500 industrial goods, which will bring our overall tariff rate down to 7.5%, a lower-middle level by international standards. China will further open its financial services sector. Just as we have lifted foreign ownership caps in the banking sector, we will take similar steps in the insurance and securities sectors in the next three years. By then there will be foreign ventures qualified for full-license, full-ownership operation in the financial sector. China's pursuit of opening-up in greater breadth and depth will provide more cooperation opportunities to the business communities around the world. In the first eight months of this year, total paid-in foreign direct investment in China grew by over 6%. A new round of investment by some multinationals is in the pipelines. Companies from the Netherlands and other European countries are welcome to get a head start in seizing business opportunities in China.
Square dancing, a form of group dancing in public squares, has become a popular exercise among the elderly and middle-aged due its low cost and ease of participation.
Starting from Aug 1, commercial banks will no longer collect commission fees on individuals' inter-city cash withdrawals from their own counters, the NDRC said in a statement.
Statistics from the Dalian Foreign Trade and Economic Cooperation Bureau show that currently investors from more than 80 countries and regions have set up 18,600 companies with accumulated foreign capital of over 0 billion in Dalian.
Statistics from market research firm International Data Corp showed that Huawei continued to lead China's smartphone market during the fourth quarter of last year, with a 29 percent market share, followed by Oppo and Vivo. However, Samsung is losing most ground on midrange and cheaper smartphones.
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Spring Festival, or the Chinese Lunar New Year, is the most important festival for people of Chinese origin. It fell on Feb. 16 this year.
Statistics from the Ministry of Industry and Information Technology showed that 517,000 new energy vehicles, including full electric vehicles and plug-in hybrids, were manufactured and 490,000 were sold between January and October, both up more than 45 percent year on year.
Starting from the end of March, some provinces and cities have rolled out favorable policies including free entry and discounts to boost tourism.
Stem cell researcher and entrepreneur Lu Zeping said he was fortunate to become the first person to gain a Tianjin hukou - or residential certificate - under the Haihe Talent project started in May last year.