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Based on the Morgan Stanley economist's research, by the end of 2019, the country's government debt-to-GDP ratio is forecast to further come down by about 1 percentage point, and the annual increase in household debt-to-GDP ratio to slow by about 3 percentage points, which will primarily be a result of the tighter scrutiny over excessive leverage build-up among local government and households. It will also help stabilize the overall macroeconomic leverage ratio, ensuring a healthy transition to a consumption-led economy in the long run.
Because Hong Kong is an international city, it is not uncommon for foreign elements there to get involved in local issues, he wrote. As long as Hong Kong is open, these foreign elements will try hard to influence the city's development, Zheng added, saying, "This is the reality."
Bailian's digital shop has set up a dedicated online channel to display and sell merchandise, and will host a weeklong sales event at its four physical outlets amid government attempts to stimulate spending citywide.
Baidu has promoted livestreams of Beijing's Palace Museum to users who have been unable to visit in person. When users view a livestream on its Haokan short-video app that recommends a certain book, it can direct them to a smart mini program where they can purchase that book.
Based on each other's needs for development, both countries should strengthen cooperation in key areas, such as environmental protection, energy conservation, technological innovation, high-end manufacturing, sharing economy and healthcare services, Li said.
来源：资阳报