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Besides, the banking and insurance regulator will develop actuarial mechanisms for insurance products targeting the elderly, make rules on how to price these products, and launch relevant regulatory measures, in an effort to guide insurers to price their products scientifically and reasonably, she said.

Besides Guangdong, four other provinces exceeded the one trillion yuan mark: Jiangsu (2.29 trillion yuan), Shandong (2.02 trillion yuan), Zhejiang (1.31 trillion yuan), and Henan (1.16 trillion yuan).

Besides the joint venture, Geely and Daimler have partnered to explore opportunities in shared mobility in China. The two also invested in Germany-based flying-car startup Volocopter in September 2019.

Benedict Kiage, the principal and director of MCEDO Beijing School, said that Mathare being a slum area, many of their students have been adversely affected by the pandemic. Kiage thanked KCETA for their steadfast support for the institution especially during these tough times.

Bezos said in a statement, “The healthcare system is complex, and we enter into this challenge open-eyed about the degree of difficulty. Hard as it might be, reducing healthcare’s burden on the economy while improving outcomes for employees and their families would be worth the effort. Success is going to require talented experts, a beginner’s mind, and a long-term orientation.”