The insiders, who are also political advisers attending the ongoing two sessions-the annual meetings of the National People's Congress and the Chinese People's Political Consultative Conference-made the comments as the world's second-largest economy marks the 40th anniversary of the start of the reform and opening-up policy.
The impact of the fraud also rippled through the business sector. Manuel Henriquez, a parent caught up in the scam, "voluntarily stepped aside" Wednesday as the CEO and chairman of Hercules Capital, according to a press release from the business development company.
The inspections, launched in early 2016 and headed by ministerial level officials, had covered all 31 provincial regions on the Chinese mainland as of the end of last year.
The identity of the victim, whose body was recovered by a Chinese rescue ship at 10:30 am, was not yet confirmed, said Lu Kang, spokesman for the Ministry of Foreign Affairs, at a regular news briefing.
The information technology, internet and medical care sectors were the major beneficiaries with investments of 135.7 billion yuan, 105.5 billion yuan and 103.2 billion yuan, the report said.
The incident comes at a time when authorities are struggling hard to trace 15 miners that got trapped in another mine in the district on Dec. 13, 2018.
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The industrial internet has become an important driving force for high-quality growth in China's economy, the People's Daily reported on Thursday.
The innovative platform, OnTime, was jointly founded with an investment of 1 billion yuan (5.4 million) by GAC Group, a Guangzhou-based automobile company, technology giant Tencent Holdings Ltd, Guangzhou Public Transport Group and other investors, with the GAC Group being the largest investor in the venture.
The initial public offering (IPO) market in the Chinese mainland has gained huge momentum so far this year from China Securities Regulatory Commission's efforts to step up IPO approvals, in a sign of its determination to implement IPO reform toward a registration-based system.
The increased earnings came as several industries continued to see recovering demand and rising prices.