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TIANJIN, June 28 (Xinhua) -- The development of new business models in China will help with reemployment of steel workers and coal miners made redundant in the country's trimming of overcapacity in those sectors, according to Premier Li Keqiang.
"The new economy and new business models are creating more jobs than we expected," said Li, when meeting with business leaders on the sidelines of the Annual Meeting of the New Champions 2016 in Tianjin, also known as the Summer Davos, on Tuesday.
The Chinese government has been encouraging business startups, especially in technology, and has welcomed development of the sharing economy. There is also a drive to promote tourism in rural areas.
China is aiming to cut 100 million to 150 million tonnes of steel capacity and 800 million tonnes of coal capacity in a few years, Li said.
"The reduction will involve nearly two million people," according to the premier.
The central government has earmarked 100 billion yuan (about 15 billion U.S. dollars) to help laid-off workers. It has asked local governments to provide funding as well.
Li vowed to cut excess capacity in "a market-oriented and lawful" manner, instead of using administrative orders.
Related:
China to continue opening up to aid economic transition: Premier
TIANJIN, June 27 (Xinhua) -- China will continue opening up its service and general manufacturing sectors and keep the renminbi generally stable within a reasonable and proper range, Chinese Premier Li Keqiang said Monday.
China will open wider to the outside world, improve its open economy, further open up the service and general manufacturing sectors and build a fairer, more transparent and predicable investment environment for foreign investors, Premier Li said while addressing the opening ceremony of the Annual Meeting of the New Champions 2016, or Summer Davos. Full Story
Premier promises steel, coal capacity cuts
TIANJIN, June 27 (Xinhua) -- China will cut excess capacity in steel and coal as part of its economic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday.
The government will continue to focus especially on supply-side structural reform by reducing supply of inefficient and low-end products and services while encouraging more in-demand and premium ones, a process that will boost economic growth, Li told delegates at the forum.
LONDON, Sept. 15 (Xinhua) -- The UK government on Thursday said that it had confirmed the Hinkley Point C nuclear power plant will go ahead following a new agreement with French company EDF.
The latest move came two months after the new government called for a review of the nuclear program.
British Secretary of State for Business Greg Clark said in a statement that the government had decided to give the green light to the country's first nuclear power plant in two decades but added that new measures would be taken to enhance security.
The Hinkley Point C plant, to be co-built by China General Nuclear Power Corp., which has a one-third stake, and French state-owned company EDF, would help address Britain's future energy demands.
Barcelona's Lionel Messi (C) drives the ball during the Spanish La Liga soccer match between Real Madrid and Barcelona at the Santiago Bernabeu stadium in Madrid Uomo Nike Air Force 1 Basse Jester XX Bianche Scontate ,Spain, on Dec. 23, 2017. Barcelona beat Real Madrid by 3-0.
MADRID Uomo Nike Air Force 1 Basse Just Do It Total Arancio Scontate , Dec. 23 (Xinhua) -- Although the season is less thanhalfway completed, FC Barcelona on Saturday put one hand on thetitle, while at the same time humiliating traditional rivals andreigning champions Real Madrid 3-0 in the Santiago BernabeuStadium.
The win leaves Barca 14 points ahead of Real Madrid in the LigaSantander table and puts them nine points clear of second placeAtletico Madrid after just 17 of the 38-match season.
The game kicked off at 13.00 hours local time: prime time in theMiddle East and Asia Uomo Nike Air Force 1 Basse Just Do It Bianche Scontate , but early for Spain and for the first 45minutes, it was Real Madrid who were on top.
Madrid coach Zinedine Zidane surprised with a conservative teamselection which saw Mateo Kovacic drafted into a four-man midfieldwith the task of covering Leo Messi.
In the first half, Zidane's strategy worked as Madrid pressuredBarca and the Catalan side looked to play the ball out of defense Uomo Nere Nike SF-AF1 Air Force 1 Alte Boots Scontate ,but the plan fell apart in the 54th minute after Ivan Rakitic fedSergi Roberto, whose low cross was swept into the Madrid net byLuis Suarez for his 10th goal of the campaign.
Barca were suddenly running rampant and the game was over as acontest in the 64th minute when Madrid defender Dani Carvajalhandled a goal-bound shot in the Madrid penalty area.
Carvajal was sent off for his action and Messi stepped up toslam the ball past Keylor Navas in the Madrid goal.
With a player less on the pitch and 2-goals down, Madrid fellapart and had it not been for several fine saves from the Madridkeeper the score would have been even more humiliating for the homeside.
As it was there was still time for a third Barca goal Nike SF-AF1 Air Force 1 Dusty Peach Uomo Boot Scontate , which wasslid home by Aleix Vidal following a Messi pass deep in injurytime. The goal was the icing on the (Christmas) cake for Barca, butfor Madrid fans only served to hammer home that for this season atleast, their title hopes look to be over. Enditem
BEIJING Uomo Nike SF-AF1 Air Force 1 Mid Verde Scontate , Dec. 27 (Xinhua) -- China will continue to waive purchase taxes on new energy vehicles (NEVs) for the next three years in its latest attempt to encourage green transportation, an official statement said Wednesday.
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