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BANGKOK, May 9 (Xinhua) -- Thailand's popular beach destination Phuket and China's Macao Special Administrative Region (SAR) on Wednesday signed a Memorandum of Understanding that will boost trade and tourism cooperation.
China has launched 5G cooperation mechanisms with Japan, the Republic of Korea, the European Union and the United States, with international companies joining the research and development, he said.
The Wednesday meeting approved a series of fiscal, tax and financial incentives. The volume of re-lending and rediscount for small and micro businesses, and for rural areas, agriculture and farmers will be raised. The re-lending interest rate for small and micro businesses will be lowered. Evaluation for financial institutions will be improved to make sure that businesses with a credit quota of 10 million yuan (1.55 million U.S. dollars) and below shall enjoy faster loan growth than other types of credit recipients.
Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks at a symposium held by the united front to study and implement Xi's thought and the spirit of the 19th CPC National Congress.
A grand dragon boat racing, a traditional folk activity normally held during China's Dragon Boat Festival which falls on Monday, kicked off in Uganda on Saturday, co-hosted by friendship associations of both countries.
