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The government plans to issue a new guideline this month to better facilitate State-owned enterprises to further cut leverage levels, according to people familiar with the matter.

The gooseberry's rebranding didn't happen until New Zealand's importer began to promote the market demand of the fruit in the 1950s. It decided to name the fuzzy, brown fruit after the country's furry, brown, flightless national bird.

The government also expects first-hand private residential flat supply to reach 93,000 in the coming three to four years.

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The government released a document on Monday which allows funds raised by local government special bonds to be equity for infrastructure projects.

The government of Hong Kong Special Administrative Region will spend an additional HK billion (.3 billion) to relieve the hardship of senior residents and low-income families during the current economic downturn.

The gathering is scheduled for April 6-7 and half of the participants are expected to be from China. So far, five Chinese cities, including the Shunyi District of Beijing, Beichen District of Tianjin, Xuzhou, Changzhou and Nanchang, have confirmed attendance. The organizers expect more confirmations in the coming weeks.

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The government will further simply the procedures of administrative review and speed up approval procedures for business start-up, tax payments, application for construction permit and water, electricity and gas services, and real estate registration. The slashing of electricity price will also be a priority.

The goal is to halve the time required for reviewing construction projects to 120 working days nationwide within the first half of this year.

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The gala, which features "a long journey of Chinese culture," will be in Mandarin and aired by state broadcasters in 48 countries during the Chinese new year holiday season, also known as Spring Festival, according to the gala's director Zhang Lu.

The general manager said partnerships with local manufacturers will reduce costs while increasing local capacity. "It is expensive to bring in expertise from China and we want to cut this down. In addition, local expertise understands the market and we believe that this will sharpen our competitive edge," Sun said. The Chinese automaker boasts of a 5 to 7 percent market share.