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Construction of a resort project at Riyue Bay, or Sun Moon Bay, in Wanning, Hainan province, has been halted. The Sun Moon Island project covers a reclamation area of 97 hectares, and construction on Moon Island, 49.1 hectares, began without proper permits. LUO YUNFEI / CHINA NEWS SERVICE
Consumers try 5G-enabled handsets at a China Unicom store in Shenzhen, Guangdong province. [LU LI/FOR CHINA DAILY]
Convoy, which won the Next Tech Titan award at the GeekWire Awards in May, employs 300 people and expects that number to double by the end of next year. It will use the fresh cash to hire salespeople across the country and engineers to continue developing its technology.
Conrad, of the ADB, says: "The government on both the fiscal side and the monetary side has bought itself more flexibility, which it feels it needs this year, with the international environment being a little bit less predictable. On the one hand, the government is interested in reducing some of the risks — local government debt, financial sector leverage, nonbank financial institutions. That all leads to tightening monetary and fiscal policies. Indeed, since headline growth is still strong, they should tighten a little bit. On infrastructure, it is a good moment to tighten. On the other hand, no one knows what to expect in the second quarter, so you need to be flexible. The policy approach allows the government to be flexible and supportive where necessary and tighten and be less supportive where that is merited."
来源：资阳报