The emphasis on concerted monetary, fiscal and regional support for advanced manufacturing highlighted the industry's key role in China's economic transformation, according to a research report by Shenwan Hongyuan Securities.
The dry climate in southern Xinjiang and lignin-rich walnut mushroom sticks make shiitakes compact and tasty, which sell well in other parts of the region, said the company's chairman Yin Jinyao.
The ecological, financial and infrastructural damage is much larger than what is anticipated. Odisha's two ecological hotspots -- fresh water lake 'Chilka' and Balukhand-Konark wildlife sanctuary have been hit hard. The 'Chilka' lake is likely to become more saline due to the increased inflow of sea water during the cyclone which was accompanied by strong winds up to 200 km per hour.
The emerging service sector also grew very fast, Meng said.
The draft was formulated after the NPC adopted a decision during its annual session in May to improve the legal system and enforcement mechanisms for the HKSAR. The decision authorized the NPC Standing Committee to draft the law.
The downturn in economic activity is unlike any other in US history and has a basic cause: the government-ordered shutdown of the economy to contain the spread of the coronavirus.
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The encouraging note was welcomed by top executives of multinational companies who expressed optimism about China's economic growth and its reassured policy support in this regard.
The establishment of ties conforms to the fundamental and long-term interests of the people of the two countries, Hua said, adding it is perfectly justified and above board.
The escalation in trade tensions between China and the United States, however, may lead to weaker business confidence and slower global trade growth, which is expected to weigh on investment and exports in 2020, said the report. The World Bank downgraded the projection for China to 6.1 percent in 2020, from 6.2 percent in the previous forecast.
The draft was submitted for the first reading at the ongoing session of the Standing Committee of the National People's Congress, China's top legislature.