International hog prices, however, are expected to go up as China is seen to import pork to fill the potential shortfall in domestic supply.
Ip told China Daily the real motive behind the act is to block China's development by using concerns about human rights in Hong Kong as an excuse. The US is trying to take the moral high ground, she said.
Insiders believe that the deal is a step to continue strengthening the relationship between oil and gas major companies in Russia and China.
Inspections on efforts devoted to stamping out hospital-acquired infections have also been ramped up, and people responsible for such infections will be thoroughly investigated, she said.
Investors wait to enter a branch of Ping An Securities in Shanghai. [Photo provided to China Daily]
Insurance funding will be encouraged to participate in major construction projects, such as infrastructure and new-type urbanization, to better facilitate its role in driving the real economy. Special rectification regarding related-party transactions will be carried out, to resolutely deter illegal acts of misuse, arbitrage or embezzlement of insurance company funds.
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Internet search giant Baidu Inc announced in May it will give out 500 million yuan ( million) in cash subsidies to vloggers and encourage them to publish vlogs on its Haokan short video app.
Innovation and start-ups are also a steady source of new jobs and income increase, with 3.34 million new jobs created in the first quarter and the surveyed unemployment rate staying under 5 percent.
Inventory turnover and logistics employment improved in June.
Initiated on Sept 1, the free program attracted over 1.7 million Hong Kong residents.