The government is expected to release as early as Monday the final list of as much as 0 billion of Chinese products that will be hit with a new 10 percent tariff, according to five people familiar with the matter. A product code that covers Apple Inc.'s Watch and AirPods -- as well as similar smart watches, fitness trackers and other goods made by competitors -- is not on the list, the two people said.
The government has carried out testing and contact tracing, implemented a QR health code system, banned nearly all foreigners from entering the country, and put people who were allowed to return into a 14-day quarantine.
The government plans to conduct a year of consultations on the proposals before creating new rules and laws that it hopes will encourage companies to think harder about the packaging they use, and find environmentally friendly alternatives.
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 government has already sent some signals of policy fine-tuning, including "expanding domestic demand" and "lowering corporate borrowing costs", and local governments have been asked to speed up budgetary spending and transfers, she added.
The freight service giant intends to use the funds for technological, service and model innovation.
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The fund targets stimulus investment to protect existing jobs, create new ones and provide support for workers to retrain and for business to survive. It also supports those sectors most affected by the virus.
The government also will get creative with taxation and other measures to facilitate the sector's growth, especially in creating new jobs.
The four-year project is expected to facilitate development along the Yangtze river economic belt, the NDRC said.
The government will continue to deleverage the economy by firmly taking a prudent monetary policy and prioritizing reducing leverage in state-owned enterprises, Xi said.