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China's first 8.5-generation TFT-LCD production line was launched in Bengbu, East China's Anhui province, on June 18, 2019, representing a breakthrough in the production of high-definition LCD screen, Science and Technology Daily reported.
China's economic recovery continued at a solid pace in April and May, indicated by the strong industrial output and investment growth. The government has launched a strong policy stimulus to mitigate the economic damage of COVID-19, through measures such as increasing the fiscal deficit and boosting the issuance of government bonds.
China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development. This is a pivotal stage for transforming our growth model, improving our economic structure, and fostering new drivers of growth. It is imperative that we develop a modernized economy. This is both an urgent requirement for getting us smoothly through this critical transition and a strategic goal for China's development. We must put quality first and give priority to performance. We should pursue supply-side structural reform as our main task, and work hard for better quality, higher efficiency, and more robust drivers of economic growth through reform. We need to raise total factor productivity and accelerate the building of an industrial system that promotes coordinated development of the real economy with technological innovation, modern finance, and human resources. We should endeavor to develop an economy with more effective market mechanisms, dynamic micro-entities, and sound macro-regulation. This will steadily strengthen the innovation capacity and competitiveness of China's economy.
China's international tourism boom is having a significant economic impact on the Asia-Pacific region, driving rapid growth in the tourism economies of many countries including Thailand and Japan, Biswas said.
China's efforts to control air pollution will provide a new impetus for economic growth, with investment opportunities of 20 trillion yuan (.2 trillion) in the coming 12 years, according to a report by an antipollution industry group.