He also pointed out that the fall of China's energy demand was also due to the weakness reflected in the iron, steel and cement industries, which together account for a quarter of China's energy demand.
He also said that fiscal authorities have been implementing proactive policies, ensuring stable fiscal operations. In the first seven months, national general public budget revenue increased 10 percent to 11.08 trillion yuan, while expenditure climbed 14.5 percent to 11.7 trillion yuan.
He also appreciated the Belt and Road Initiative proposed by China in 2013, saying it will benefit all participants by offering opportunities to expand business and cooperation.
He also pledged that the bureau will provide a course guideline to schools within this academic year.
He Qiang, a national political adviser and a professor of finance with the Central University of Finance and Economics, said the ChiNext reforms will help expand direct financing and minimize administrative controls in the capital market.
He also said that over 90 percent of the K12 industry practitioners used to be teachers working at public schools, or those working for small-sized studios. Major industry players such as Beijing-headquartered New Oriental Education and Technology Group and Beijing-based Tomorrow Advancing Life accounted for less than 10 percent of the market share. Even though in first-tier cities such as Beijing and Shanghai, these two industry leaders only took up 15 percent and 12 percent of the local K12 education market share respectively.
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Having said that, as someone who is too lazy to focus on fashion, I’m not particularly inspired to see if they do that — or to make “Style Code” appointment viewing, or to chase down its repeats on demand. But it’s nice to know Grande, Smith and Rodrigues are there for me if I ever need them.
He added that Gree's products are also widely sold in Brazil, Argentina and the Middle East.
He also underscored the role of futures market in stabilizing agricultural production, accelerating agricultural modernization and facilitating the market-oriented reform on agricultural product prices.
He also called for further bilateral cooperation in emerging sectors such as e-commerce, high-speed railways, fifth-generation mobile communication technology and digital economy.