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China will boost the development of the digital economy as part of efforts to stabilize employment, according to a guideline issued by the nation's top economic regulator.
China successfully met its target of reducing 45 million tons of steel production capacity and 250 million tons of coal production capacity last year, leading to a price increase of steel and coal products. Meanwhile, the country has managed to reduce commercial housing stock by 23.14 million square meters and lower the overall corporate asset-liability ratio by 0.4 percent. However, the country's overall enterprise leveraging level, or debt-supported social financing to GDP ratio, rose by eight percent, according to the institute's calculations.
China uses concentrated disposal to deal with high-level radioactive waste.
China revised the catalog of technologies prohibited and restricted from export at the end of last month, including algorithm-backed services such as those provided by ByteDance.
China now plays home to AkzoNobel's biggest single workforce, with 7,600 people accounting for 17 percent of a total of 46,000 employees worldwide. The company also reported revenues of 1.76 billion euros ( billion) last year in China, making the country its second biggest market.
