The demonstration zone in Dalian will build cooperation platforms for technological innovation, industrial docking and financial services to strengthen cooperation with Japan and drive industrial transformation and upgrades in Northeast China.
The discoveries may have even greater significance.
The digitalization transformation will save billion for consumers by saving their time in banking, transit and retail transactions and reducing cash-related crime, according to the research done by Roubini ThoughtLab, a research firm, under the request of Visa.
The decision from the meeting says talent evaluation and skills assessment mechanisms will be refined, with professional capabilities as the criteria. Income distribution methods for technical workers will be formulated with a focus on their skills and achievements in innovation to encourage skills-based wealth creation and income increases. An investment process contributed by the government, businesses and society will be established to provide more financial support for professional skills training.
The difference, Wallison argued, is the earlier cases "did not have partisan political implications".
The discussions by more than 30 top officials on Tuesday were part of the 11th meeting of the US-China CEO and Former Senior Officials' Dialogue, hosted by the US Chamber of Commerce and the China Center for International Economic Exchanges (CCIEE). The dialogue was co-chaired by CCIEE Chairman and former vice-premier Zeng Peiyan and US Chamber President and CEO Thomas J Donohue.
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The development of digital currency is "technologically inevitable," he said, noting that it is possible that the use of traditional backnotes and coins will gradually decrease and even diminish one day.
The delegation includes the heads of Japan's three business groups, namely Shoji Muneoka, president of the Japan-China Association on Economy and Trade, Sadayuki Sakakibara, chairman of the Japanese Business Federation, and Akio Mimura, chairman of the Japan Chamber of Commerce and Industry.
The department denounced the arson attacks in a statement it issued hours after radical protesters hurled gasoline bombs at the High Court and the Court of Final Appeal buildings in Central.
The document said the State Council would set up an inter-ministerial mechanism, led by the National Development and Reform Commission and the Ministry of Commerce, to see relevant policies and measures be properly advanced.