The financial secretary said the government is mulling whether to allow payments of tax, utilities and rates in installments to alleviate households' financial burdens. The administration is reviewing the effects of stimulus packages and will introduce additional measures if warranted.
The fall in the PMI reading reflected both seasonal factors and the protracted downside pressure faced by the Chinese economy amid lukewarm demand both at home and abroad, making any economic rebound unlikely in the short run, analysts said.
The extended return times?are particularly warranted this year since Amazon kicked?off the holidays a little earlier, by offering so-called “Black Friday”?on the first of November.
The experiments really shouldn’t come as a surprise.
The fast-spreading novel coronavirus never disrupted overseas investment in China's capital market. During the period from January to March, foreign investors increased their holdings of onshore bonds by 48 percent from a year earlier, and market sentiment is turning optimistic, said Wang Chunying, a spokesperson of the SAFE.
The financial sector is exploring areas where cloud computing can be applied, with a number of small and medium-sized banks choosing to remodel their business systems with the technologies.
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The fair, better known as the Canton Fair, which is taking place in Guangzhou, the capital of Guangdong, is seen as a barometer of China's foreign trade.
The fall narrowed by 4 percentage points from that in the first four months.
The financial backing will "push Tmall's ability in local sourcing, procurement, supply chain management and delivery to a new height", said Jing Jie, vice-president of Alibaba, in a statement.
The experts conducted in-depth discussions on the uniqueness of Engels' theory system and Engels' ideas in his later years, Engels' original contributions to Marxism, the textual research and contemporary value of Engels' thought, and dialectics of nature and Engels' scientific spirit.