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As the initiative looks to promote coordinated economic development in the Greater Bay Area by capitalizing on the complementary advantages of the three places, Macao will sharpen its edge as a world-class tourism and recreational center, as well as facilitator of economic and trade exchanges between China and Portuguese-speaking countries, said Chui Sai-on, chief executive of the Macao SAR.
As the RMB index is a measure of the yuan's exchange rate against a basket of its peers, and as the strength of the dollar means varying degrees of weakness of a basket of currencies, the RMB index is lower naturally.
As the middle-income group grows and people seek better job opportunities and medical facilities, the long-term population growth of higher-tiered cities will likely continue. Companies are responding by turning their attention to cities like Shenzhen, Nanjing, and Hangzhou. Despite the COVID-19 pandemic, new project launches in these cities were recently sold out in half a day.
As the most active and fastest-growing investor in Egypt in recent years, China has so far invested more than 7.5 billion dollars in Egypt, he noted.
As the Spring Festival approaches, the overall sales of imported goods increased 2.3 times year-on-year. Among them, the sales of milk powder, nuts and washing products grew by three times or more year-on-year, JD Daojia said.