Local governments are supposed to arrange funds for special projects or tasks during compulsory education stages, which will also be supported by the central government via fiscal transfer payment.
Live shows have attracted more investment and attention. Li Ruigang, chairman of China Media Capital, a venture capital firm, said China's performance and live shows industry has grown at 30 to 40 percent in recent years. Demand is high for professional-grade, cross-geography entertainment.
Liz Lee, senior analyst at Counterpoint, said the TWS hearables market will have a similar growth momentum as did the early smartphone market a decade ago.
Local authorities were asked to prepare by cutting power in high-risk areas and readying for floods and landslides.
Lizhi's founder and CEO Lai Yilong said in earlier interviews that the company is able to achieve full profitability in 2020 solely on its reliance on virtual "gifts" sent by audience members to hosts of audio livestreaming productions, but this will not be Lizhi's only revenue source in the future.
Location restrictions on business registration applying to micro and small enterprises and self-employed people will be relaxed, Yang said, adding that a negative list management system for locations of individual businesses will be established and improved as soon as possible.
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Local governments and financial institutions are encouraged to use special bonds and other market-based financing methods to support key areas and major projects such as the coordinated development of the Beijing-Tianjin-Hebei region and the construction of the Yangtze River Economic Belt.
Looking at city-level data, which is more believable, the top 10 cities with the highest job-offering ratios for talent in new infrastructure construction are Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou, Chengdu, Nanjing, Xi'an, Wuhan and Hangzhou.
Local authorities and car dealers have shown great enthusiasm for the parallel-import plan.
Lopez said RCEP will bring job opportunities for the Filipinos as it facilitates inclusive and open regional economic policies, especially for MSMEs that can take advantage of the increasing globalization and creation of new supply chain linkages.