The center, to be based in Shanghai, will provide technical support to developers who work on Apple software. Through the facility, Apple will present lectures, seminars, experiments, speeches and training. It will also organize regular networking events to help the developer community in China and its neighborhood to improve the design, quality and performance of their products.
The city-state has kept its borders largely shut for most of 2020 and won international plaudits for its handling of the virus.
The change significantly dismantled a major obstacle for Hong Kong people seeking to pursue careers on the mainland, Kuo said. "I believe this will encourage more from Hong Kong to take their first step in the huge market," he added.
The central bank official said additional countercyclical measures will be taken to maintain ample liquidity and further reduce the lending rates.
The central bank will make policies more forward-looking, flexible and effective, maintain proper control over the floodgate of money supply and keep liquidity at a reasonable and abundant level, according to the bank's second-quarter report.
The city of Sydney has called on the federal government to respond to the emergency, by reintroducing a price on carbon to meet the 2015 Paris accord's emissions reduction targets, and by establishing a Just Transition Authority to ensure Australians employed in fossil fuel industries find appropriate alternate employment.
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The changes have helped to reduce the time in paying taxes by 20 percent from 259 hours in 2015 to 207 hours in 2016; that is also a reduction of 75 percent since 2004, according to the report: Paying Taxes 2018, which measured the ease of paying taxes across 190 economies.
The central government will tighten up management of domestic tourism attractions to ensure orderly travel, improving the prevention and control work for COVID-19, according to a newly released notice on Monday.
The central bank also said that if commercial banks refuse to lower loan rates by setting a "hidden" minimum lending rate, companies can report them to regulators.
The central government proposed an annual defense budget of about 1.27 trillion yuan (8 billion), a 6.6 percent rise on the last budget. The budget's growth rate is the lowest since 1988, when a 3.81 percent increase was proposed.