The regulator said it will continuously push ahead with the opening-up of China's banking and insurance sectors and keep improving the business environment, so that a larger number of foreign banks and insurers that meet regulatory requirements will be allowed to participate in the Chinese financial market.
The report said consumers are seeking high-quality catering experiences now. When choosing restaurants, they care most about the environment, and then the taste. The price factor only ranks fourth among their considerations.
The region's IoT developments also benefit other regions in China.
The release refuted media reports that "China has a yearly organ transplantation volume of as much as 60,000 to 100,000" and of "organ harvesting from Falun Gong practitioners".
The report said Boeing employees recognized faults in the automated flight-control system and alerted management to their concerns years before the FAA certified the MAX for commercial travel.
The report predicted that China's sharing economy will grow at an average annual rate of 40 percent over the next few years to account for more than 10 percent of the country's GDP by 2020.
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The regulation requires Kweichow Moutai Co to keep a record of officials who seek to interfere in its normal operations or who engage in any banned behavior.
The regulation sets out requirements on payment period and acceptance review. A payment information disclosure system will be established. The regulation also lays down provisions for handling complaints, penalty for acts of bad faith, and disciplinary action and accountability.
The report said the bank has granted loans to companies from Macao, the Chinese mainland and overseas to develop programs in Vietnam, Singapore, Saudi Arabia, Pakistan, Israel, Indonesia, Myanmar, the United Arab Emirates, etc.
The regulator said the central SOEs will continue to implement the supportive policies, expecting them to further cut costs in the second half of this year.