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Aug 31, followed by a match against Poland on Sept 2 before facing Venezuela two days later. All three games will be played at the 18,
000-seat Wukesong Arena in Beijing, where China finished eighth at the 2008 Summer Olympics to tie its best record at the Games.
At the 2010 FIBA World Championship, China beat Cote d’Ivoire 83-73, but its last m
atch against Venezuela, at the 2016 Olympics, ended in a 68-72 defeat. China and Poland have never met before in official competition.
Despite the favorable draw, Team China’s head coach Li Nan warned against undere
stimating the opposition.Spearheaded by former NBA player Yi Jianlian, fellow center Wang Zhel
in-a second-round draft pick for the Memphis Grizzlies in 2016-and young playmaker Guo Ailun, China’s primary aim
is to finish the tournament as the top Asian team in order to qualify directly for the 2020 Tokyo Olympics.
However, Bryant, the tournament’s global ambassador, has urged China to aim even higher.
Information consumption has become a new engine for China’s economy, playing a vital role in d
riving domestic demand, creating jobs and pushing forward industrial upgrades, People’s Daily reported.
Last year, China’s information consumption rose 11 percent year-on-year to
5 trillion yuan ($745.39 billion), accounting for 6 percent of the GDP, according to the Internet Society of China.
To further boost information consumption, the Ministry of Industry and Inform
ation Technology and the National Development and Reform Commission unveiled an action plan in August.
According to the plan, by 2020, China’s spending on information consum
ption is expected to be 6 trillion yuan, with average annual growth of more than 11 perce
nt. Information technology is estimated to drive 15 trillion yuan in related consumption.
XI’AN – Xi’an, a historical city in Shaanxi Province, will place traffic restrictions on the use of vehicle on weekdays.
The popular tourist city said the restriction would be imposed on weekdays from
7 am to 8 pm starting March 18. Vehicles are restricted in one out of five weekdays based upon the last nu
mbers of their license plates in certain areas in the city, where the number of motor vehicles hit 3 million as of May 2018.
Three bureaux of municipal ecology and environment, public security and transport
said in a circular that the move was taken to ease traffic congestion and reduce air pollution.
Mass transit buses, new energy vehicles, vehicles for people with disabilities, and vehicles for special purp
oses such as fire engines and ambulances, however, will be exempted from the restriction, according to the circular.
BEIJING — China has made solid progress in alleviating the financing
problems of small and micro firms, a senior official said Friday.
Outstanding loans to such businesses amounted to 33.49 trillion yuan ($5 trillion) by the end of 2018, accounting for 23.
81 percent of the total outstanding loans, Zhu Shumin, vice chairman of the China Banking Regulatory Commission, said in a statement.
In particular, outstanding inclusive loans to small and micro firms reached 9.36 trillion yuan
, growing 21.79 percent from the beginning of the year, 9.2 percentage points faster than the total loans.
The number of borrowers increased 4.55 million from the beginning of 2018 to 17.23 million, Zhu said.
Meanwhile, efforts have been made to cut financing costs, with the average interest rate of newly
issued inclusive loans to small and micro firms in the fourth quarter of 2018 down 0.8 percentage points from the first quarter.
China’s Ministry of Finance Saturday announced a favorable tax policy for overseas talent working in the Guangdong-Hong Kong-Macao Greater Bay Area.
Based on the individual income tax differentials between the Chinese mainland and Ho
ng Kong, overseas high-end talent and professionals in short supply that work in the Greater Bay Area will
get subsidies from Guangdong province and Shenzhen municipality to offset the differentials, according to the MOF.
The subsidies will be exempt from paying individual income tax.
The policy, effective from January 2019 to the end of 2023, applies to nine cities in Guangdon
g — Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing, the ministry said.