The city will renovate infrastructure for buses as well as around 90 kilometers of underground utility tunnels.
The city also decided to increase 35,000 license plates for passenger vehicles this year, which will be selected under a lottery-styled scheme.
The chip, named X2-6070, has achieved the highest bit density, and highest capacity so far among all 3D NAND flash memory products on the market currently, YMTC claimed.
The central government's liaison office in Hong Kong strongly condemned the so called "Hong Kong Autonomy Act", signed into law by US President Donald Trump on Tuesday, as it "blatantly interfered" in China's internal affairs.
The challenges facing the construction sector dragged down the group's total net profit and revenue, with profits falling 26.9 percent and revenue losing 6.6 percent.
The central government's decision to enable greater participation from entrepreneurs on policymaking will help stabilize market expectations and bolster the private sector, analysts said.
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The central bank has long advocated for a price-based framework, where market-oriented interest rates, instead of central bank administrative controls, play a larger role in order to improve the efficiency of the country's macroeconomic management.
The city industry and commerce department, and food and drug watchdog have carried out inspections of local butcher shops and restaurants. No infected meat or products produced in the affected areas have been reported.
The city also surpassed New York as the world's priciest place for new construction, according to a new report by consulting company Turner and Townsend.