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Combined profits reached 1.35 trillion yuan (5 billion) between January and September, up 21.5 percent year-on-year, while their cumulative business revenue rose 11 percent year-on-year to about 21.1 trillion yuan, about 0.9 percentage point higher than the growth rate of the first half of 2018.

Colleges and some vocational schools in Beijing will be encouraged to move to the new area, and the country's top universities will receive support to open campuses in Xiongan.

Competent (is another key word) because it is difficult to manage a combination of monetary and fiscal policies. Structural reforms were implemented during the past decade, which have brought these achievements.

Compared with the traditional enterprise-level e-commerce mode, the digitalized procurement better conforms to realistic demands in current digitalized transformation for enterprises. According to the report, when the growth rate of enterprise-level e-commerce trade volume dropped by 8.4 percent in 2019 from the previous year, the digitalized procurement scale maintained a high-rate increase of 64 percent from that in 2018.

Cobo's chief technology officer Jiang Changhao said as the blockchain sector is still at the early stage of development, many entrepreneurs need to spent a huge amount of money on the construction of basic infrastructure.