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BEIJING, June 9 (Xinhua) -- China will set up a special transfer payment mechanism to ensure that fiscal funds can directly benefit businesses and people, according to a State Council executive meeting Tuesday.
In 2019, total trade in goods between Hong Kong and the United States stood at 517 billion Hong Kong dollars (about 67 billion U.S. dollars), whereas Hong Kong's domestic exports to the United States were a modest 3.7 billion Hong Kong dollars.
REFORM KEY TO ECONOMIC SUCCESS
Jeffrey Sachs, a renowned economics professor at Columbia University and a senior United Nations advisor, told Xinhua in a recent written interview that as China is coming out of lockdown ahead of other parts of the world, it will see an economic rebound in the second quarter, which will buoy markets abroad.
Li expressed the hope that China and ASEAN can take the China-ASEAN Year of DEC as an opportunity and make good use of the new technological revolution and industrial transformation.
来源：资阳报