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policies for residence permits and financial incentives to lure more talent.
For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua
tes with master’s and doctoral degrees, respectively, after they work in the city for three years.
Haikou, capital of Hainan province, is attracting college students with a monthly rent s
ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.
Employment, especially some groups such as college gradu
ates and demobilized military staff, remains a priority to the government.
Premier Li Keqiang said at a teleconference on May 13 that employme
nt pressure will be felt this year by a larger number of college graduates. However, promotin
n, who came to the main venue of the festival on Thursday with four friends.
“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there
are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”
Yang Lin, 26, who described herself as a foodie, also went to t
he gala. “I love Korean food most, except for Chi
nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”
Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i
s made at the venue and sample various cuisines made by more than 200 food enterprises.
Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati
on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is
quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”
addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.