Northern cities suffer worse congestion than their southern counterparts during peak hours. Northeastern city of Harbin reported the worst congestion in the first quarter of the year, possibly due to bad weather, followed by Shijiazhuang and Lanzhou, the report showed.
Nielsen's Chinese clients from the consumer packaging goods or CPG sector contribute about 30 percent of the company's CPG revenue, he said.
North Korean and US flags stand side by side at the location where North Korea's leader Kim Jong Un will meet with US President Donald Trump for a US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore on June 12, 2018. [Photo/VCG]
Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, was 1.52 trillion yuan in August, down 37.6 billion yuan year-on-year.
New measures by the Chinese government also aim to support more Chinese mainland luxury shopping within its borders. As of July 1, authorities have more than tripled the tax-free shopping quota to 100,000 yuan from 30,000 yuan. They also removed an 8,000 yuan per item limit on goods bought in the duty-free shopping hub of Hainan province.
Nordstrom is making a large investment in its e-commerce initiatives, spending even more than it had planned to better compete with the likes of Amazon.com.
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Night view of Guangzhou's landmark Canton Tower, Guangdong province, May 20, 2018. [Photo/VCG]
Ning Yong, vice president of the bank, said the lender will boost the financing support for imports of key equipment, technology and intermediate goods for production technology improvement and product research and development.
Niu Xinzhuang, executive director of Minsheng Fintech, said the tech subsidiary will establish an effective corporate operating mechanism and form a whole new incubation system for tech innovation. It also plans to build flexible and efficient mechanisms for hiring, training and incentivizing talented professionals. These efforts are a bid to forge fintech into a core competency of the bank, he said.
Ningxia currently has 32,800 hectares of grape plantations, with wineries generating an annual output of 130 million bottles of wine. The comprehensive industrial output value for 2019 came in at about 26.1 billion yuan (about .9 billion).