This represented a pause of the so-called "premiumization" trend witnessed in China's FMCG landscape in the past few years, which generally refers to higher spending for quality items. This change could partially be a result of caution and value-for-money sentiment caused by the COVID-19 pandemic, said Bruno Lannes, partner in Bain's consumer products practice in China and co-author of the report.
This means that local governments will be able to use their bond proceeds earlier, reducing their short-term reliance on revenue from land sales and off-balance sheet financing through local state-owned enterprises, particularly local government financing vehicles.
This came after NBS data showed Thursday that growth pace in property development investment mildly retreated in the first eight months of the year.
This is the second time ancient tombs have been found in the area. The first was about 40 years ago, in around late 1970s.
This section, which features a waterfront area that spans more than 11 kilometers, has since 2012 been known as the West Bund.
This drug treatment, which is not toxic in human cells, can prevent pulmonary resistance in egg-and dust mite-induced asthma.
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This is especially critical for container shipping, which is regarded as the bread and butter of shipping enterprises, according to Xu. COSCO's container shipping capacity will extend to 3.1 million TEUs (twenty-foot equivalent unit) by the end of this year.
This move comes less than a month after Amazon led a 5 million funding round for Deliveroo, a U.K.-based food delivery company.
This seems a bit counterintuitive, but governments might get a lot of mileage out of helping small established businesses continue to operate and even grow a little. Indeed, they might get a lot of mileage out of accessible policies and programs to help them grow.
This projection has been vindicated by reports from about 3,100 listed companies on Shanghai and Shenzhen stock bourses for the first quarter this year, during which these companies' operating revenue reached 6.3 trillion yuan, up 28.57 percent on a yearly basis.