Profits of China's major manufacturing firms grew 13.5 percent in the first eight months of 2018, accounting for more than 84 percent of profits for all large industrial firms, the National Bureau of Statistics said Thursday.
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Promoting innovation is one of the other ways to realize Chenzhou's development goals, Liu said. The city will try to cultivate 30 technology innovation enterprises, 30 science and technology startups, and 100 national high-tech enterprises in five years.
Progress so far shows regulators are gaining an upper-hand on this front. Their strengthened policies have sent debt-to-capital ratios into retreat and made financial institutions significantly enhance their compliance.
Profit:?Amazon reported net income of .3 billion, or earnings per share of .37, crushing expectations of .41, and up from .23 last year. Operating income came in at .2 billion, up from .8 billion in the second quarter, and up from .2 billion in the year-ago quarter.
Primitive infrastructure remains a big challenge for many places in China’s rural areas and some remote regions, where access to roads, electricity and the internet has only just been provided. China has nearly 600 million people living in the rural areas and more than 200 million migrant workers, who live and work under conditions far below what is available to urban residents. Our estimate at the end of last year put the number of rural residents with a per capita annual income of less than 3,000 RMB yuan at over 30 million. Furthermore, China lags far behind developed countries in education, elderly and medical care and health. All these realities speak to the fact that China remains a developing country, and there is still a long way to go before China achieves modernization.
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Previously, Branstad has served two separate terms as governor of Iowa. In December 2016, Branstad accepted US President Donald Trump's nomination as US Ambassador to China. He was confirmed and sworn in last month.
President Xi Jinping, also general secretary of the CPC Central Committee, has reiterated that seeking happiness for the Chinese people and striving for national rejuvenation are the Party's original aspiration and mission. He has also called for deepening the self-reform of the Party in the new era.
Production of pork, the most commonly consumed meat in China, is expected to reach 39 million metric tons this year-equivalent to the level in 2000-compared with 42.5 million tons last year. But the production is expected to rebound to more than 50 million tons next year, according to the report.
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