The fostering of new growth engines should be the priority, Xi said, adding that through innovation, the real economy in the area must be developed so it will be stronger and better, and emerging industries must receive greater incentives for quicker development.
The funds, allocated by the Ministry of Finance and the MEM, were channeled to Anhui, Jiangxi, Hubei, Guangxi, Chongqing and Guizhou, with 430 million yuan to be used for flood control.
The government will cut red tapes, reduce taxes and slash fees for enterprises.
The founder of the company, Ross Meaclem, told Xinhua on Wednesday that he was "excited" for the opportunity that the Torch program would provide his company through partnership with China, and looks forward to establishing mutually beneficial outcomes with businesses in the Chinese market.
The global esports market is projected to generate revenues of billion in 2020, and .6 billion in 2023, according to the Global Esports Market Report by Newzoo, a game and esports analytics and market research company.
The government will boost consumption via means such as steeper tax and fee cuts, and expand effective investment with increased spending on infrastructure, according to the report.
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The fresh batch of FTZs are located in Shandong, Jiangsu, Hebei, Yunnan and Heilongjiang provinces, and the Guangxi Zhuang autonomous region. So far, 18 FTZs have sprung up across the country.
The government has published a document that includes guidelines meant to help veterans find civilian jobs or start their own businesses.
The government response was lifted to the emergency level, the highest in its three-tier system, after the serious level was activated three weeks ago.
The government pointed out in the filed documents that there is a reasonable necessity to introduce the anti-mask law to protect the city's residents under such chaotic and violent circumstances.