Local governments can formulate their own contribution reduction plans based on actual situations, so as to ensure the long-term sustainability and withdrawals of the fund, Chen said.
Logistics groups have increasingly sought investments to fund work on solutions to supply-chain issues, including autonomous driving, automated warehousing, cross-border logistics and smart logistics services. JD.com, being aggressive in that push, was the first one in China to invest in drones.
Local education, finance, economic planning and sports authorities should take on relevant responsibilities in the drive.
Local children at the village of Kintele in Brazzaville, the Republic of Congo, are engrossed in Chinese animation the Boonie Bears during the screenings in June. Photo provided to China Daily
Local governments, which are running normally, should at all levels vigorously reduce general expenditures, make good use of special bonds and contain systemic risks, Liu said.
Liveris made his first trip to China 40 years ago for one of his first jobs at Dow. Now he travels to China several times a year.
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Local media reports last month cited Pinduoduo's founder Huang Zheng as saying in an internal meeting that its gross merchandise volume, the value of goods sold on its website and app within a certain time period, had surpassed that of JD. The remarks drew a sharp response from the latter.
Local governments have been required to hasten their pace of issuing special bonds to fund infrastructure projects, according to an earlier notice issued by the Ministry of Finance.
Local education authorities invited the Hubei Institute of Quality Supervision and Inspection, along with Ingeer Certification Assessment Services in Shanghai, to examine samples taken from the track and basketball courts, Jiangxia district said.
Living in Jin'e village in Banan district, Peng makes a living by planting radishes. His annual income is about 8,000 yuan. The 50,000 yuan he used to buy the bonds was previously a term deposit. This sum of money is critical for a rural family like Peng in case of an emergency.