Over the last 20 years, the bank has continuously supported Jiangsu Jiuwu Hi-Tech Co, a company principally engaged in the research, development and application of membrane separation technology. Currently, the company has an annual credit line of more than 100 million yuan (.6 million) with the bank.
Over the past week, many Chinese manufacturers also felt the pressure on the global industrial chain, which was brought about by fears of a trade war.
Over the past decade, China's major airport clusters began to take shape in Beijing-Tianjin-Hebei Region, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing economic zone, which are economically important areas.
Outbound investment in real estate, hotels, cinemas, entertainment and sports clubs saw substantial declines during the period, the ministry said.
Output in the mining sector fell 0.2 percent year on year amid a government drive to restructure and optimize the industry.
Over 560 skill training activities organized by the federation helped more than 20,000 impoverished women start businesses or find jobs. The employment rate of women in the region grew to 40 percent last year, Gyatso Lhamo, chairwoman of the federation said.
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Over to Hu: "I spend roughly 30,000 yuan (,479) on luxuries every year. Sometimes, I buy luxury gifts for my friends. And when I do, I pay particular attention to packaging. Good packaging can make a great first impression on people. It, of course, adds luster to the gift. I think packaging is very important for luxury goods. A luxury product without beautiful packaging is incomplete."
Owing to China's fast pace of industrial upgrading and urbanization, the German company's sales revenue grew by 11 percent year-on-year to over 261 million euros in its 2019 fiscal year. China is expected to become the German company's most important market by 2025.
Over the last three years, the company spent 150 million yuan on R&D of maglev blowers. Foreseeing a bright future for maglev technology, it has beefed up investment in magnetic refrigerator-compressors and air compressors, spending up to 1 billion yuan on each segment, Hong said.
Over the past few weeks, business groups have voiced their concern that the escalating tariffs on Chinese imports risked knocking consumers off their feet.