The global industrial chain is facing huge uncertainties amid Sino-US trade frictions and the unexpected epidemic. In this context, the global industrial chain layout will give more consideration to the balance between safety and efficiency, and will present new features of diversification and block.
The general office of the State Council has issued a circular on promoting the development of hi-tech agricultural industrial demonstration zones.
The fresh round was led by global investment firm GGV and KKR, with Sequoia Capital China, IDG Capital and LightSpeed China among the investors.
The government should ramp up support for infrastructure investments and strictly enforce economic discipline at the same time. Even after officials and project leaders leave their posts, they should still be held accountable for any possible wastage of public funds.
The free port is likely to reduce the corporate tax for companies registered within the area, it said.
The government decided to support the building of more demonstration bases for entrepreneurship and innovation as the first group of 28 such bases have played an important role in industrial upgrading and innovation, according to the State Council.
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The government is well aware of the situation and is committed to allowing the market more say, with the responsibilities of the government and the market more clearly defined.
The global public cloud market will surge to 6.2 billion in 2019, rising 17 percent year-on-year from the expected 5.8 billion in 2018, market research company Gartner Inc forecast, adding the African cloud market is gaining momentum.
The further development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to lead to a more robust retail property market in Guangzhou, heightening the short supply.
The government is conducting an in-depth investigation into the complaints and will seek legal advice if necessary, the bureau said.