The group has since been seeking solutions to save itself. Its outstanding debt amounted to 706.7 billion yuan as of the first half of 2019.
The high profits in the sector last year, which were a result of slashed capacity in the previous years, have prompted the attempts to expand steel capacity illegally, according to him.
The high standard and environment friendly Ropax vessel is driven by dual-fuel engines and its navigational speed can reach 28.5 knots to become one of the fastest ro-ro passenger vessels in the world.
The government, which uses debt for financing more than other developed economies, however, is still burdened with arrears that continue to stand as the highest in the industrialized world, amounting to more than twice the size of Japan's economy.
The group, which owns several of the world's leading luxury companies, will bring 13 brands across four major sectors, namely jewelry, watches, writing instruments and fashion accessories, to the 500-square-meter exhibition area this year.
The guideline included policies on medical treatment, health services and insurance. It featured 50 measures encouraging high-level private medical institutions to offer basic medical services at similar prices as public hospitals and to establish medical quality management systems in line with international standards. Restrictions on medical institutions, clinics and general practitioners were also eased to boost the development of the health services industry.
济南白癜风哪所医院强
The guideline, jointly released by the Ministry of Human Resources and Social Security and the National Cultural Heritage Administration, said the job title evaluation for cultural relics professionals should not be made merely according to an applicant's educational background, qualifications, thesis publication or awards.
The group highlighted that alleviating financing difficulties, broadening direct financing channels, and strengthening intellectual property or IP rights protection for innovations are important.
The guideline, jointly issued by the Ministry of Public Security, the Supreme People's Procuratorate and the Supreme People's Court on Dec 27, took effect immediately.
The government will tighten oversight and management to ensure the quality of listed companies and upgrade the market exit system to protect investors.