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The government reiterated the need to encourage private businesses to take part in the mixed-ownership reform of State-owned enterprises, with private companies set to receive more incentives in the restructuring of SOEs via share acquisitions.

The government also will help solve practical issues in the process of investment, production and operation for global companies in a bid to put their growth in China on a firmer footing, he noted.  

The funding consists of the national venture capital fund for emerging industries, which was founded in 2015 with 40 billion yuan (.84 billion); the national development fund for small and medium-sized enterprises; and the national fund for transforming technological achievements.

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The gap is widening between leaders and laggards in digital transformation, said Wu Lianfeng, IDC China vice-president and chief research analyst. According to IDC's research on global companies, digitalized enterprises can maintain over 10 percent growth in annual sales and more than a 12 percent increase in profit annually, while the non-digitalized will see flat or downturns in those indices, Wu said.

The government aims to phase out 150 million tons of coal capacity this year. As of the end of May, around 97 million tons of coal capacity had been cut, accounting for 65 percent of the annual goal.

The four-floor building, which collapsed around 8:55 am in Daoli district, is the warehouse of a local food company, local authorities said.

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The glass biodomes, or orbs, or balls — or whatever else they have been called since taking on their official name — have been an architectural curiosity in Seattle since they began to take shape. Construction crews broke ground on the Spheres in 2015, and completed the steel skeleton a year later.

The government has proposed a reduction of over 1.1 trillion yuan in 2018, exceeding the 2017 figure, cutting taxes on businesses and individuals by more than 800 billion yuan (6 billion) while lightening the non-tax burden on market entities by over 300 billion yuan.

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The fund is operating as normal.

The government is well aware of the situation and is committed to allowing the market more say, with the responsibilities of the government and the market more clearly defined.