The fractured conservative coalition government needs to present a united front to voters ahead of elections due by May.
The fresh round of financing, according to Wang Jun, chief financial officer of Miss Fresh, will be used in the company's smart chain technology and production supply chain capabilities to further boost development of its business model.
The government also stayed alert to market fluctuations due to drops in steel supply and to guide market expectations.
The government will further cut taxes and administrative fees to reduce enterprises' burdens, the 21 Century Business Herald quoted Finance Minister Xiao Jie as saying at the meeting.
The government will propose a detailed plan to the top legislature this week to reduce taxes and fees, with an annual target that would cut more than 1.3 trillion yuan (4 billion) to promote manufacturing and strengthen private companies' confidence, high-ranking officials said.
The government has become increasingly aware of the disruptive impact deleveraging can have on the economy if it is too fast and aggressive. [Photo/IC]
北京加固包碳纤维
The global economy is also set to deliver one of its best performances since the immediate aftermath of the global financial crisis, with the IMF forecasting GDP growth of 3.7 percent for the year ahead.
The funds, earmarked by the MEM and the Ministry of Finance, will be used to help flood diversion areas in the province relocate affected residents and reconstruct damaged houses.
The goods that help build China's trade surplus are mainly household appliances, mobile phones, textiles, clothes and toys, none of which contain many high technologies. But they do reflect an intertwined trade relationship between the two countries against the backdrop of globalization.
The full explosion of IoT industrial chain is at the corner, Li said.