The Fed estimated that the decline in manufacturing likely reduced US gross domestic product (GDP) by less than 0.5 percent last year after accounting for the impact on the downstream activities such as transportation and retailing.
The GAC said it will speed up the process of granting permission to agricultural products and food imports, shorten the length of time for quarantine examination and approval, and allow applications that meet the requirements to be submitted and approved at the same time.
The Hong Kong government also draws attention to its high-end maritime service. It established the Hong Kong Maritime & Port Board in 2016, which takes charge of driving the city's growth of high value-added and professional maritime services, and helping them with transformation and upgrading.
The Guangdong government is helping to build a social credibility system by implementing digital government initiatives. The aim is to help financial institutions more easily acquire corporate information and streamline financing approval processes.
The Foreign Ministry has sent 500,000 health kits, including more than 11 million face masks, to countries with large numbers of Chinese students, Ma said.
The General Office of the CPC Central Committee issued a circular stressing efforts to avoid work styles of "formalities for formalities' sake" and relieve burdens on local authorities earlier this year.
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The GAC will expand policy coverage by attracting more manufacturing and equipment maintenance companies to establish facilities within the comprehensive bonded zones to further diversify these areas' developing strength, the document said.
The IFC, a member of the World Bank Group, offers investment and advisory services to help private sector growth and poverty reduction in developing countries.
The HKSAR government hoped that the US government would adopt a pragmatic attitude, and would maintain its economic and trade policy and principled positions towards Hong Kong as well as continue to respect Hong Kong's status as a separate customs territory, he said.
The Fifth Plenary Session of the 19th Communist Party of China Central Committee, which concluded on Thursday in Beijing and laid out a blueprint for the country's future, has attracted extensive and positive media coverage.