The agreement will be valid for three years and can be extended by mutual consent.
The advanced intelligent transformation of Zhejiang businesses was closely related to the longstanding entrepreneurship of local businesses and the entrepreneurs' active explorations in foreign markets and cooperations with industries overseas since the early days of the reform and opening-up, experts said.
The area will attract more than 1,500 high-tech and innovation companies and have at least 20 regional headquarters of companies and institutions by the end of 2022, he said.
The advance comes as a flood of private capital raises startup valuations and the government pushes for the economy to transition into one based on services and domestic consumption.
The areas include Chongqing, Tibet autonomous region and the provinces of Hebei, Heilongjiang and Hainan, according to the State Council Leading Group Office of Poverty Alleviation and Development.
The analogy I’ll give you is that of a personal physician. The last thing you want, Larry, is a personal physician who only services you, because that person … sure, they’d be available, they’d show up and do house calls, they’d be there anytime. But you want a doctor who’s seeing hundreds of sick people so that when you have a problem, that doctor has a bunch of data points.
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The agenda of the session includes reviewing the Government Work Report, examining reports on the implementation of the annual plan on national economic and social development in 2017 and the draft plan on national economic and social development in 2018, and examining reports on the implementation of the central and local budgets in 2017 and the central and local draft budgets for 2018.
The announcement was made Wednesday on Twitter by House Intelligence Committee Chairman Adam Schiff, Democrat of California.
The annual two sessions political meetings open in Beijing next week. [Photo/VCG]
The announcement came as the country's COVID-19 death toll approaches the 100,000 mark, and followed calls by Democrats to lower the flag when it reaches that grim milestone.