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Commerce Ministry Spokesman Gao Feng said the ministry is coordinating with the Shanghai municipal government and related administrations to plan the establishment of the free port based on successful experiences gained from the development of the Shanghai FTZ.
Concentrated efforts are necessary to further deepen reforms. China should focus more on fundamental industries such as technology innovation and education. It also needs to catch up with developed markets in some technological areas. It is essential for the country, a great power, to boost the real economy, especially in critical areas such as artificial intelligence, biotechnology, material science and advanced chips.
Coffee chain giant Starbucks Corp reported a 38 percent decline in global quarterly revenue, while in China, the figure was a 19 percent drop. The company's chief executive Kevin Johnson said he was optimistic Starbucks would substantially recover its sales in China by the end of 2020.
Commercial insurance only began to take shape in China in the 1990s, relatively late compared with the United States and many countries in Europe.
Confidence in growth, innovation
来源：资阳报