Meanwhile, top diplomats of the Republic of Korea and the United States held a phone conversation on Monday over a summit between the DPRK and the US that got back on track over the weekend.
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Media reports on Wednesday said the Treasury is circulating a two-page sheet of priorities for the package. The proposal reportedly calls for the authority to send two 0 billion rounds of checks directly to American taxpayers, the first on April 6 and the second May 18. Payments would be fixed, and their size dependent on income and family size, the summary said.
Meanwhile, the potential to grow China's green bond market goes much further. According to People's Bank of China estimates, China needs at least 2 trillion yuan (5 billion) of green investment annually during the next five years to promote environmental protection and reduce pollution.
Meeting participants decided that pandemic control measures in coastal and border ports will be strengthened and border cities will be guaranteed greater support in pandemic control personnel and materials, the statement said.
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Meanwhile, these companies pay great attention to international cooperation when it comes to innovation. Huawei has set up research labs in Russia and France to improve cellphone designs. Tencent has opened an artificial intelligence laboratory in the US city of Seattle.
Miao Wei, the minister for Industry and Information Technology, called for the strengthening of policy and regulation systems for new energy vehicles, as well as an improved development environment in a speech made in January this year.
Meanwhile, vehicles and auto parts also saw marked tariff reductions. The 20-to-25-percent tariffs for cars were cut to 15 percent, and duties on auto parts were lowered to 6 percent from the previous levels of 8 to 25 percent.
Meng said his company is recruiting more foreign staff to prepare for the move.