The association expects the fall to become less severe in coming months because of a lower comparable base figure from the second half of last year and because of the measures implemented to help with car consumption.
The author is an associate professor at the Institute of South& Southeast Asian and Oceanian Studies, China Institutes of Contemporary International Relations.
The bill now sends to the state Senate and Republican Governor Tate Reeves has said he will sign it if passed.
The banking system reports a sufficient level of liquidity at present, the People's Bank of China said in a statement.
The benchmark Shanghai Composite Index declined by 3.35 percent, the biggest single-day drop in nearly two years. The Shenzhen ChiNext Index, which tracks stocks listed on the startup board, suffered even heavier selling, dropping 5.34 percent to a three-year low.
The bill, submitted at a six-day bimonthly session of the National People's Congress (NPC) Standing Committee, classifies e-commerce operators into three entities: "those doing business on their own websites, e-commerce platform operators, and stores on e-commerce platforms."
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The barrier-free movie describes all the scenes to help the visually impaired get the feeling of the film. They first became available in cinemas in the United States and Canada in the early 1990s.
The bike-sharing frenzy started from and has boomed in China, with dozens of startups providing colorful shared bikes on the streets to enable environmentally friendly, convenient short trips. In July, the Ministry of Transport reported that China had more than 16 million shared bikes, posing serious challenges to city management for local governments.
The association expects the bicycle industry to see its combined revenues surpass 360 billion yuan (.78 billion) in 2020, up 10 percent year-on-year, and maintain robust growth momentum in overseas markets such as Europe, the United States and Southeast Asia.
The bamboo grove in our garden is enjoying the spring rain too much. It is sending up shoots faster than we can harvest. One day too late, and the slender shoots grow another 50 centimeters, turning fibrous and inedible.