The report added, "Recovery for global food and fuel prices and in agricultural output will help commodity producers such as Indonesia, Malaysia, and Vietnam. Indonesia, the largest economy in the subregion, should see fiscal and structural reforms boost domestic demand."
The renminbi exchange rate regime is a managed floating one based on market supply and demand and with reference to a basket of currencies, the PBOC said.
The report also pointed out five areas with the highest potential for growth and private sector participation under the BRI in the 2020s: transport, telecommunications, utilities, digital infrastructure, and renewables and clean energy.
The report said Garschagen committed serious mistakes including making up interviewees' names and using one person's quotes under a different name. Also, some information presented as fact in his stories was wrong or misinterpreted. In some cases, he plagiarized from other media outlets, the report said.
The report analyzed dishes from six restaurants in London’s Chinatown and found 97 percent of the dishes contained at least two grams of salt.
The report released on Monday by MyCOS Research Institute, specializing in higher education management data analytics, shows that knowledge-intensive industries, such as education, finance and information continued to hire more graduates in 2016, in contrast to the employment decrease in labor-intensive industries like construction and manufacturing.
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The report said green municipal bonds have increasingly been used as a financing tool to close gaps in infrastructure, climate mitigation and adaptation investment. The first municipal green bond in China was issued in 2019, reflecting Chinese local governments' ambitions to address climate change and local environmental issues.
The report points out that restricting Chinese companies in 5G could potentially impair the market vitality of the ICT (information and communication technology) sector, and the EU's leading position in the global supply chain, which would result in a lose-lose situation.
The reply came after the US Department of Commerce banned ZTE earlier this week from buying any US technology for seven years, a decision that may deal a deadly blow to the Chinese company and negatively affect the global telecom industry.
The report said China has also managed to make some regulatory achievements to control financial risks. "Broad credit growth slowed from a pace of more than 20 percent to the low tens on a clampdown on shadow banking activity. In asset markets, policymakers reined in surging house prices, stabilized the currency after a volatile 2015-16, and oversaw a steady equity rally," the report said.