The market share of domestic formula in China increased to more than 60 percent in 2018, compared with less than 40 percent before Junlebao rolled out its formula products, according to statistics provided by the company.
The market will likely get volatile from time to time. That is in its nature. It cannot always be balanced. However, strict, even rigid, implementation of regulatory policies should ensure stability. Until now, some of China's regulatory policies and legal regulations tended to adapt to changes in the prevailing situation. But such flexibility is not always desirable. Any changes in the regulatory environment have to be persisted with and implemented strictly, without frequent further changes.
The measures include construction of a themed industrial park and a rice noodle quality supervision center, as well as increasing online and international promotion, she added.
The meeting also underscored the importance of clearly defining the responsibilities of local governments and respecting residents' needs.
The ministry said the pilot program aims to help Chinese residents cultivate cruise leisure consumption concepts, promote the construction of the Sanya cruise home port, and support the development of Hainan International Tourism Consumption Center, one of the four strategic goals set for the China (Hainan) Pilot Free Trade Zone, the largest in the country.
The meeting room inside the Peace House in the Panmunjom Joint Security Area, where the inter-Korean summit will be held April 27. The room has a table that measures 2018 mm, and a picture of Mount Kumgang in the background. [Photo/Agencies]
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The midterm elections to be held on Tuesday are the first major electoral battle since US President Donald Trump clinched the White House. Now, after two years, Democrats are eager to get back in the ring and slug it out with the GOP.
The mechanism should cover the whole life cycle of market entities with cross-sectoral, inter-agency and trans-regional regulation, said Lian Weiliang, deputy director of the National Development and Reform Commission (NDRC), at a press conference Thursday.
The ministry also allowed local law firms in those five regions to hire lawyers from Taiwan as consultants in matters related to the island's legal system.
The ministry added that the work of flood control, emergency rescue, and disaster relief is at a crucial stage at the moment.