It is the first insurance product targeting the issue of returning poverty due to disasters and diseases in the province in Southwest China, said Yang Fengchun, vice-governor of Qinghai province, at the launch ceremony.
It said elimination did not mean eradicating the virus permanently, but stopping "chains of transmission" for a period after the last infected person left isolation.
It may have been derived from his earlier experience as a local government spokesperson, where he grasped the art of articulating a view, or, later, as a management consultant role in which he learned a slew of business best practices.
It is about 2.6 million square km in area and most of it lies at an altitude of more than 4,000 meters above sea level.
It is also a crucial step to enable the market to play a decisive role in the allocation of resources and to help the government play a better role in the process, he said.
It is aimed to streamline administrative procedures for people and business.
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It is a vivid example of China's socialist democracy, they said.
It is designed to be the most advanced, automated and flexible factory in the global robotics industry, utilizing the latest manufacturing processes - a cutting-edge center where robots make robots.
It is also preparing to deliver 100 million doses to the United States by January after it was awarded 1.6 billion US dollars for its potential vaccine, according to Reuters.
It is important that China and Brunei enhance mutual understanding, deepen friendship and strengthen cooperation to develop an even stronger relationship, Xi said.