However, according to Qu Guanyin, deputy professor in the Industry and Commerce Department of the Beijing Vocational College of Labor and Social Security, today's self-employed people – which consists of business consultants, lawyers, editors, writers and designers – are engaged in more intellectual-based work. This is in marked contrast to the clothes vendors or brokers that mushroomed around four decades ago.
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Hosted by Ministry of Industry and Information Technology, the State Administration for Market Regulation and the Guangdong government, this year's fair will see 6,000 exhibition booths - more than 1,000 of which will be for overseas companies.
Horses race around a track in Changji, Xinjiang Uygur autonomous region, in May, 2020. [Photo by Zhang Xiuke/For China Daily]
Hotel reservations in China from March 30 to April 6 increased by 24 percent week-on-week. Guangzhou, Chengdu, Shanghai, Shenzhen and Hangzhou saw the most bookings; while Zhengzhou, Chongqing and Hangzhou registered the fastest growth, as per data from the online travel service platform Qunar.
Hou Jianbin, founder and CEO of Zuoyebang, a leading online education startup, said a large amount of capital in the online education sector is "beneficial" as it will accelerate the growth of the whole industry.
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However, even though the market is picking up, most institutional investors and analysts interviewed by Bloomberg still believe that the future trend of small and medium-sized firms' innovation will be divided, and only the so-called "growth stocks" are worth buying.
However, Aasen wants the company's silicon and silicone business to grow more across specialized product areas such as automotive electronics, home and personal care, and healthcare, from mainly supplying to the construction sector.
However, exporting TCM as a contagion prevention and control remedy has not been without difficulties. Industry experts noted that in some countries where TCM is not recognized by local medical laws and regulations, such products are not allowed to be used in local hospitals. In such instances, TCM donated by Chinese firms has mostly been used as preventive treatment.
However, flights to and from Boracay island resort in Aklan province remained cancelled and the roof of the airport was damaged.