The regulation aims to curb the growth of local government's contingent liabilities, said the ministry. Beyond that, the new policy will encourage PPP financing in proper ways.
The report predicts that transactions of products across all categories through livestreaming e-commerce will increase 156 percent year-on-year to nearly 1.16 trillion yuan in 2020, and the booming livestreaming e-commerce segment will contribute new growth points to China's gold and jewelry industry.
The remains of some of the Camp Fire victims were found in burned-out vehicles that were overrun by walls of fire as evacuees tried to flee by car in panic, only to be trapped in deadly knots of traffic gridlock on Thursday night.
The regulation, which covers all cars produced or sold on the Chinese mainland, stipulates that producers must recall any defective vehicle. China's top quality supervision authority is also empowered to order a recall.
The remarks were made during the ongoing China International Import Expo in Shanghai, where the company showcased its key brands and popular products.
The report states the predicted increase in frequency and duration is consistent with atmospheric changes brought about by global warming, such as to Arctic winds, weaker East Asian winter monsoons and faster warming of the lower troposphere.
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The release from the ministry quoted a resident as saying: "If we use the radiator based on our needs, it consumes 50 kilowatt-hours of electricity a day. It can only warm up one of our rooms. We cannot afford it."
The report said US growth has let up amid slowing investment and exports.
The report also finds that COVID-19 has further widened the education gaps between rich and poor families in LAC.
The report predicted that the market will continue to expand within the next three years to reach 1 trillion yuan (2 billion).