Yu said that when the economy was growing at a rate of about 10 percent, he had advocated structural reform aimed at improving the quality of growth. "But now the situation has changed; economic growth has been continually declining and, therefore, ensuring (stable) growth and preventing a further slowdown have become the main contradictory aspects," he said.
Yin Zhongli, a senior researcher at the National Institution for Finance and Development, a think tank under the Chinese Academy of Social Sciences, said China should pay attention to debt risks arising from low-income groups, as people cannot repay mortgage loans if they lose jobs.
Yu said the average annual growth rate of China's imports of goods reached 13.5 percent from 2001 to 2017, 6.9 percentage points higher than the global average. And the country has become the world's second-largest importer, with the imports of goods reaching trillion and the growth rate of trade in service reaching 16.7 percent, accounting for nearly 10 percent of the total imports of global trade in services.
Yibot has developed into one of the first AI robots that applies virtual robot technology featuring deep learning abilities in the customer services sector. The cooperation with Didi helped Zhuiyi find its core competence in providing smart solutions in that sector.
Yin Yong, vice mayor of Beijing, said the share of added value in software and information service increased by 13.4 percent year-on-year in the first three quarters, accounting for 12.8 percent of the city's GDP in 2019. The construction of major cybersecurity parks scattered across the capital has also entered an important stage, he added.
Young adults who use their smartphones five or more hours per day have a 43 percent increased risk of obesity and other health-related problems, including heart disease according to Colombian researchers.
即墨下面疙瘩
Yin Weimin, minister of human resources and social security, speaks at a news conference on the sidelines of the 19th National Congress of the Communist Party of China.[Photo by Edmond Tang/China Daily]
Yi said the ministry will continue its efforts to stimulate the market, reduce barriers to market access and allow smaller companies to participate in more projects.
Yin said some private companies have encountered difficulties amid the economic downturn, mainly arising from their products, structures and operating mechanisms.
You Yunting, a lawyer and partner at DeBund Law Offices in Shanghai, said that once users are registered, online recruitment platforms are responsible for keeping their personal information safe and ensuring their privacy.