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China has slashed the average time for customs clearance by over half in 2018, far surpassing the government's previous goal to cut the average time by one third, according to Ni Yuefeng, head of the General Administration of Customs.
China has shown strong resilience in the current battle against the novel coronavirus. After the initial hesitation and chaos after the virus was found to be spreading rapidly in Wuhan, authorities quickly took targeted and decisive measures-such as the lockdown of Wuhan, reduction of human movement and mobilization of medical staff from all over the country, including traditional Chinese medicine practitioners-to improve the efficacy of the fight against the virus.
China has started operating its first passenger jet that offers high-speed internet service on board, according to China Aerospace Science and Technology Corp, a State-owned space conglomerate.
China implemented a 4 trillion yuan stimulus package in 2008 to navigate through the global financial crisis. Aftereffects of that package caused many economists and finance professionals to be overcautious against large-scale stimulus. But we must understand that whether China adopts major stimulus measures or not depends on macroeconomic challenges and cost-benefit analysis.
China has set up 75 overseas economic and trade cooperation zones, with an investment exceeding billion and created jobs for more than 200,000 local people, said Meng Wei, spokesperson of the National Development and Reform Commission, during a press conference in Beijing on Wednesday. In addition, China's Silk Road Fund has inked 19 projects with committed investment of billion.