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The regional governments will make the final decision on the lists of projects, and the Ministry of Finance and the National Development and Reform Commission will examine and approve the special bond projects. Financial institutions should cooperate on the financing work, which is a mechanism to control debt growth and prevent potential financial risks, the official stated.

The regional government pressed ahead with ecological rewards and subsidies last year, with 667,000 jobs related to the environment offered to rural residents. The annual ecological subsidy paid to locals who return their land to nature and agree to conduct ecology patrols was raised to 3,500 yuan (8). The region also finished work to protect sources of culinary water for urban areas, the annual government work report Qi delivered to the congress said.

The report said the total venture capital investment in UK technology in 2018 topped 6 billion pounds, which was more than any other European country.

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The report compared the year 2000 with 2018, looking at eight indicators of a good childhood: premature death, stunted growth, education, child labor, early marriage, early pregnancy, child homicides and displacement.

The regulation clearly prohibits forced technology transfer requirements for foreign investors and companies, either through administrative licenses or other means. It also underlines the equal treatment of domestic and foreign businesses regarding land supply, taxation and fee arrangements.

The report is based on the Executive Board of the IMF the Article IV consultation with China, which was concluded on July 31, 2019.

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The remarks came after the National Development and Reform Commission announced earlier in April that waste-to-power projects that have had generators connected to the State grid after Jan 20 will receive subsidies from the government, but the announcement did not disclose the specific amounts.

The regulatory efforts proved to be effective in containing short-term speculative purchase of housing.

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The report attributed the higher ranking mainly to better market functioning, especially in terms of a surge in IPO activity and an outstanding market uptrend.

The report also pointed out that investment was stronger in machinery manufacturing, IT and medical care industries, up by 64.1 percent, 34 percent and 10.1 percent respectively.