Local government debt risk, one of the key areas that may stimulate potential systemic risks, is fueled by nontransparent and illegal fundraising activities, and the government has pledged that these will be further controlled. Provincial-level governments "should assume overall responsibility for debts incurred by local governments within their jurisdiction", the report said .
Located in eastern Guangzhou, the Guangzhou Development District and the Guangzhou New and High-Tech Development Zone have become new scientific and technology innovation centers attracting a growing number of new and high-tech companies from home and abroad, the statement said.
Located in Northeast China, Liaoning province is the backbone of Chinese manufacturing. It is also the home and origin of Chinese barbecue — Jinzhou Kebab. Let's discover more of the land in 70 seconds.
Longnan's specialties have reached a much larger market through the system and locals have seen their income grow, Sun said. "In today's Longnan, mobile phones are becoming a new farming tool; livestreaming, a new farm job; and data, a new agricultural asset," he said.
Longchuan, meaning the place where elephants trumpet in the language of the Dai ethnic group, is situated in the western corner of Yunnan province, which borders Myanmar and is populated by the Han people, as well as other ethnic groups including the Dai and Jingpo.
Looking into the following months in 2020, L'Oreal will see the sales revenue of Khiels' - a skincare brand within the group - exceed 3 billion yuan (2 million) in China. Urban Decay and NYX - the two cosmetics brands made their debut in the Chinese market at last year's China International Import Expo - will be available to Chinese consumers via cross-border channels this year. The launch events for the two brands will be held at the end of the first quarter, the French cosmetics giant said.
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Local media reported that there were more than 60,000 tombs scattered in the mountains and forests of Laoshan district as of March last year.
Looking into the future, Woetzel said China needs to adapt to the emerging three trends defining future trade: regionalization, the rise of service trade and digitalization.
Located in the World Financial Centre, Hudson has offered a brand-new spring/summer menu in recent days and allows food lovers to indulge in a relaxed and intimate environment.
Localism and separatism has emerged on Hong Kong's campuses in recent years, he said. Some students argued that the universities were "stealing" opportunities from Hong Kong students with the effort to recruit more students from the mainland. But Wong said that a university that aims to be internationally recognized has to be diverse and inclusive. If it's not, the reputation of the university will suffer, he added.