Gen Congguo plays a cucurbit flute he made earlier this month in Lianghe, Yunnan province.XU JUNQIAN/CHINA DAILY
Given the nature of the COVID-19 shock, a good strategy is to be more cautious about interest rate cuts while being more proactive in using liquidity management tools, said the BBVA economist.
Geng said China's financing support to Africa is mainly in infrastructure and production areas. "Chinese companies have built a lot of highways, railways, ports, airports and communication facilities, greatly improving Africa's economic development environment and helping Africa attract foreign investment."
Genshuixue and Gaotu online, two major brands of GSX, announced that they will offer quality-oriented courses online including history, foreign literature, mathematic thinking as well as family education to students.
Given the unprecedented challenges facing China, Li called for efforts to coordinate pandemic prevention alongside economic and social development, implement macroeconomic policy and deepen administrative reform, which help enterprises to address difficulties, inspire market vitality, stabilize economic fundamentals and advance high-quality development.
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Geng said China also dispatched several specialized cleaning vessels to prevent secondary disasters.
Given rising challenges that might put higher pressure on economic growth, the government will take more pre-emptive measures to meet growth target set at the start of this year, said Cong Liang, a spokesman for the National Development and Reform Commission, on Wednesday.
Given global market demand, many Chinese companies have gradually shifted their focus to high-end industrial research and development. This has led to strong technical breakthroughs in high-tech sectors such as robotics, computers, telecommunication and in upgraded consumer electronics products, Sun said.
Global prices for memory chips turned downward recently, casting a shadow on Samsung's fourth-quarter earnings.