The government will increase the intensity of reforms in leading commercial SOEs and further explore equity diversification at the centrally-administered SOE level this year, said Peng Huagang, deputy secretary-general and spokesman of the State-owned Assets Supervision and Administration Commission.
The gala was held at the end of a fruitful day that included the signing of agreements between both nations' publishers to expand cooperation in several areas, and to establish a better dialogue between both cultures and peoples through literature.
The government must minimize its direct intervention in the market to provide a more enabling environment for business operations and to create more businesses, he said, adding that market players have a key role to play in withstanding the downward pressure on the economy.
The gale made the air turbid and raised the concentration of PM10 up to 400 micrograms per cubic meter of air in some places. The visibility improved by noon.
The government should provide healthy conditions for small and medium-sized companies and for the development of young people, Xi said.
The fresh round was led by Sinovation Ventures, a Beijing-based early-stage venture firm headed by artificial intelligence expert Kaifu-Lee. China Merchants Innovation Investment Management Co Ltd and Gopher Asset Management also participated in the round.
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The government will increase the development of emerging industries such as the internet of things, industrial internet, cloud computing, big data and artificial intelligence in central SOEs, as well as reinforce innovation in areas like life sciences, telemedicine, healthcare and pharmaceutical product development, said Xia Qingfeng, the SASAC spokesperson.
The government will intensify support to businesses to keep their payrolls stable. The current policy of lowering the premiums of unemployment insurance and workplace injury compensation insurance will continue for another year.
The future cruise liner will have nearly 2,000 cabins and a maximum capacity of nearly 5,000 passengers.
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