The government will put stable employment at a more prominent position and will continue to prioritize creating jobs and implementing a more proactive employment policy, the guideline said.
The global automotive electronics market is forecast to grow significantly over the coming years. In particular, the market value of entertainment, body electronics and advanced driver assistance systems will expand to about 0 billion in 2020, according to Fu.
The fund is backed by the European Investment Fund under the Juncker Plan's European Fund for Strategic Investments (EFSI), as well as the China Development Bank, French national promotional bank Bpifrance, China's Silk Road Fund, sovereign funds, institutional and other private investors.
The funds have a maximum maturity of three years and an annual interest rate of 3.15 percent, 15 basis points lower than the existing medium-term lending facility (MLF), the People's Bank of China (PBOC) said on its website.
The funds stood at 21.5278 trillion yuan (.15 trillion) at the end of August, down from 21.5302 trillion yuan a month earlier, ending a seven-month gaining streak, according to the People's Bank of China.
The freshly signed Regional Comprehensive Economic Partnership was the climax of this summit. The deal is a milestone of eight years of negotiation between ASEAN and its five dialogue partners: China, Japan, South Korea, Australia and New Zealand.
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The government has prepared for these investments by amending the Private Investments in State Undertakings Act (2018) so that joint investment between the government and the private sector will materialize quickly and effectively.
The functionality happened to be launched in sync with the ongoing World Artificial Intelligence Conference 2020 in Shanghai, where Microsoft’s AI chatbot Xiaoice made an appearance with three other virtual avatars by Chinese tech companies in a music video during the event’s opening ceremony.
The government also approved over billion financial outlay to incentivize the global and domestic players to engage in high-value production of pharmaceutical drugs.
The functions of macro-management institutions should be allocated in a reasonable way. Government functions of anti-monopoly and anti-fair competition should be strengthened and optimized. Better functions on financing management are also needed to forestall systemic financial risks and protect financial security, according to the document.