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The per capita GDP of 14 cities in China reached $20,000 in 2019, with Shenzhen, Wuxi and Suzhou taking the top three spots, according to 21st Century Business Herald.The 14 cities, with a population of 143 million, range from first-tier cities such as Beijing, Shanghai to second- and third-tier cities such as Changzhou, Zhuhai and Erdos.
Satisfaction in China's intellectual property protection has steadily improved, according to a report released by the National Intellectual Property Administration at its quarterly news conference on Friday.
Microsoft co-founder Bill Gates discussed the possibility of a viral pandemic in a TED talk five years ago and recently shared his views on the worldwide coronavirus outbreak and why he believes the key to winning the battle is global innovation.
Multinational companies are showing their strong commitment to the Chinese market, with some of their local factories posting record production figures and a new foreign investment project being launched despite the challenges presented by the COVID-19 pandemic.
China and the United States should take the opportunity to fulfill the phase-one China-US economic and trade agreement to enhance cooperation and remove destabilizing factors to boost bilateral business ties, the Ministry of Commerce said on Thursday.
The nonperforming loan ratio of 24 listed city and rural commercial banks in China rose 3 basis points year-on-year to 1.6 percent at the end of 2019. During the same period, the balance of their NPLs increased by 20.31 percent to 99.03 billion yuan ($14 billion), according to a PwC survey report released on Friday.
Kunming, Yunnan province, will distribute 100 million yuan ($14.1 million) worth of digital coupons to help stimulate local consumption in hard-hit industries and support people with low-incomes, officials said at a news conference on Friday.
Author: Producer Emilio Mendez
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