The project aims to relieve the pressure of population on Beijing and build another economic powerhouse along the lines of those built near Shenzhen and Shanghai.
The property unit of Dalian Wanda Group, owned by Chinese billionaire Wang Jianlin, announced it had signed strategic investment agreements with investors in Beijing on Monday.
The project has a budget of about billion, 85 percent of which is financed by Chinese banks, with the remaining amount covered by Egypt's Ministry of Housing, Utilities and Urban Communities. It is part of Egypt's blueprint for a new administrative capital between Cairo and Suez, with an area of 714 square km, to help ease chronic congestion experienced by more than 20 million residents of Cairo.
The premier underlined the importance of vaccines in the fight against the epidemic, saying that the research and development of vaccines must be pushed forward with intensified efforts.
The president also said that China never attaches political strings to China-Africa cooperation, and never seeks any privileged interest.
The project aims to speed up the process of splitting about 1.4 million hectares of land covered by the Comprehensive Agrarian Reform Program (CARP) and then providing individual titles to these parcelized lots to some 750,000 farmer-beneficiaries.
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The previous rejections by the MSCI were not setbacks for China's A-shares, but an encouragement to push the country towards a more market-oriented, law-based and open market.
The press center of the 19th National Congress of the Communist Party of China holds a press conference in Beijing Oct 19, 2017. Yang Xiaodu, deputy secretary of the CPC Central Commission for Discipline Inspection, and Qi Yu, deputy head of the Organization Department of the CPC Central Committee, attended the press conference. [Photo/Xinhua]
The president called for enhancing political communication, strengthening cooperation at all levels and boosting mutual understanding and trust.
The production line for refined oil commenced operations in June, with small-packaged edible oil production expected to begin at the end of the year.