The commerce ministry will implement a raft of trade facilitation policies and measures in export credit insurance, financing and others to reduce burdens and improve efficiency for foreign trade companies, Zhong Shan, China's Minister of Commerce, told a press conference on the sidelines of the annual legislative session.
The company has full confidence in Pudong's further development and opening-up in the financial sector, not only as the country has made the area the window for the financial industry but given the great achievements Pudong has delivered in the past three decades, Pu said on Sunday.
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The communique was issued after the Seventh Plenary Session of the 18th Central Committee of the Communist Party of China, which was held from Oct 11 to 14 in Beijing.
The coastal city Dalian, Liaoning province, is accelerating its digital sector development, aiming to rank first among cities in Northeast China for 5G investment and base station construction in 2020.
The commission said the developer or construction unit would be held responsible for repairing safety hazards if the building's design or construction quality resulted in a risk of falling objects. But property owners would be held responsible for any hazards caused by natural aging or inadequate routine maintenance.
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The civil procedures in the case concluded on Nov 17, and the families of each child will receive 30,000 yuan (,500) in compensation, Chen said.
The company had for the six month period ending November 2017 reported a 2.3 percent growth in international revenue on the back of currency gains. However, on a fixed-currency-rate basis, its revenue declined by 3.1 percent from the same period in 2016, after it decided to close down its loss-making stores.
The company has for years maintained double-digit growth, with total assets increasing 22.1 percent year-on-year to reach 635.2 billion yuan (.2 billion) last year.
The company has invested 100 million yuan in product designs. It employs more than 500 product designers from various countries, including China, Japan, South Korea, Sweden and Denmark. "The north European style of simplicity is quite popular," Wang said.