Apple's purchase of Intel's smartphone modem patents and other technology could bolster its attempt to build its own line 5G chips and lessen its dependence on Qualcomm.
"Thanks to its huge database, Zhao said, Didi could use big data to "analyze passengers' behaviors and rate their credit" to lessen its risk.
Many executives in China's nuclear power sector have pitched the use of small scale reactors, as an alternative heat source to lessen dependence on coal-fired plants to reduce pollution.
"As my father works on roads, I am so proud that I could also work as a road builder," Tenzin said, adding that his salary has helped lessen the burden on his family.
The central government can continue to provide local governments with refinancing bonds in 2024, which will lessen debt burdens by substituting cheaper financing for high-cost debt.
Gong said it is sensible for China to further ease property market administrative restrictions in first-tier cities and reduce benchmark interest rates, which will lessen financing costs for enterprises — a drag on industrial profits and investment returns — and thus boost their willingness to expand investment and employment.
Last year, a number of countries promised to lessen reliance on fossil fuels and announced ambitious net-zero targets.
COVID-19 affected the supply chain for an extended time in 2020, but the pandemic didn't lessen Chinese consumers' love for durian, and import volumes have increased continuously since then.
To lessen SME burdens, the State Council's leading group on the development of small and medium-sized enterprises also released two documents to cultivate more overachieving small enterprises, foster high-quality development of these companies and improve the competitiveness of SMEs.
Wu Chaoming, chief economist at Chasing Securities, said the government's continued efforts to maintain stable commodity prices reiterate its firm intent to ensure "six priorities" and stability in six areas for steady economic momentum, which will help lessen the pressure on companies in midstream and downstream sectors.
The Peterson Institute for International Economics, a United States-based think tank, said in June that the RCEP's contributions to China will be "positive for all sectors" from raw materials and manufacturing to traded services, thus helping lessen the damage inflicted by other uncertainties and trade friction with the US.
The project is expected to dramatically lessen the power shortage, create a vast number of jobs, cultivate a batch of technicians with rich experience, and drive the development of the upstream and downstream industrial chains in Laos.
The process is considered to lessen any impact on the environment as well as reduce transportation costs since the sand is produced on site.
Carmakers SAIC Maxus, Weltmeister, Nio and JMC have reduced staff pay to lessen the impact on the companies during this period.
Electrification will lessen the importance of combustion engines, an area where German carmakers have built a reputation over decades for quality and engineering prowess.
IG Metall released the study, conducted by Fraunhofer Institute for Industrial Engineering, along with a plea for employers and government to enact policies that will lessen the blow.
"Intelligent connected cars will be the key to enhance safety, solve traffic jams, reduce energy consumption and lessen the negative impact on the environment," said Zhu Huarong, president of Chongqing Changan Automobile Co Ltd. "However, the current resource distribution is not integrated in the industrial chain," he said.
Based on this experience, Barber said in addition to delivering positive economic, social and environmental benefits, upgrading China's economy to be more focused on smart manufacturing, products, services and supply chains will lessen the economic and social impact of future disruptions.
"Apple's committed donations to the global COVID-19 response — both to help treat those who are sick and to help lessen the economic and community impacts of the pandemic — have already reached $15 million worldwide so far.
The move was expected to lessen the impact of the epidemic on 5G telecom-related projects, Su said.
According to Hu, pilotless air taxis have the power to transform daily life in urban areas since they can lessen pollution, expedite emergency services, and save individuals and businesses time and money through shorter travel times.
Cheng also said that global central banks are poised for interest rate cuts this year, which will lessen the constraints on China's monetary policy.
This will enhance the structure of government debt and considerably lessen the burden of debt servicing on local governments.
In my essay, I wrote: "China must pursue an expansionary fiscal policy to promote effective demand through government-supported infrastructure investment in order to avoid a hard landing of the economy and to lessen the discomfort of adjustment.
China and its trade partners establishing more local currency settlement arrangements can help lessen their dependence on the US dollar, bring down transaction costs and make foreign exchange management more straightforward, Hong said.
"Liu's article also reiterated that efforts will be made this year to refine the tax and fee cut policy incentives and substantially lessen financial burdens on enterprises.
Fiscal policy will also be made more efficient with more targeted tax breaks and fee-deduction policies to lessen financial burdens on businesses effectively.
Wen Bin, chief researcher at China Minsheng Bank, said the reduction in the over-five-year LPR, on which many lenders base their mortgage rates, will lessen the home purchase costs in the household sector, better meet their reasonable housing demand and boost their willingness to consume.
The slowdown in China's fiscal revenue growth in the first four months of this year is mainly attributed to the newly introduced, sizable tax cuts and refunds, which will lessen businesses' burden and help tide them over difficulties, an official said.
Li made the remarks while chairing a symposium on tax and fee reduction to further lessen the burdens of businesses.
The Chinese government will face an unprecedented rise in the budget deficit this year to implement expansionary fiscal measures and lessen the near-term economic slowdown while still preventing elevated debt, analysts said on Tuesday.
The latest move came after the Fed earlier this month announced the establishment of temporary US dollar liquidity arrangements with the Reserve Bank of Australia and eight other central banks around the world in a bid to help lessen strains in global US dollar funding markets.
"Manish Shah, publisher of Miami-based 123 Jump Network, an internet provider of stock news, said the Federal Reserve has "limited powers" to deal with a global crisis, but can lessen friction at home.
Financing measure to lessen risks caused by exchange-rate fluctuationsThe China-based Asian Infrastructure Investment Bank plans to launch local currency financing in some Asian countries later this year in a move to reduce cross-border investment risks caused by exchange-rate fluctuations.
For those who insist on playing it safe, the obvious choice is time deposits as smaller banks are offering higher interest rates to attract longer-term funding to lessen their dependence on the interbank market where rates are rising rapidly.
Steven Zhang, chief economist at Morgan Stanley Huaxin Securities, said Chinese policymakers will likely lessen the pushing of financial deleveraging to cope with external shocks and to prevent short-term financial risks amid rising volatility in the stock market.
China is counting on services, particularly high value-added services in finance and technology, to lessen the economy's traditional reliance on heavy industry and investment.
The change in the method of setting the yuan's daily central parity rate against the dollar will better reflect the market supply and demand, lessen possible "herd effects" in the market and help guide the market to focus more on macroeconomic fundamentals, the China Foreign Exchange Trade System said.
Advanced technology aims to reduce human operators in hazardous workplaces, minimize manual operations, lessen labor intensity and decrease the time spent in hazardous workplaces.