The government made the remarks on Thursday in its appeal against the High Court's ruling that the ban is unconstitutional and contravenes the constitutional document of the special administrative region. The court also ruled against the necessity of the ban on facial coverings during assemblies and protests.
The funds will also be used to develop industries involved in the poverty alleviation campaign, including grain, oil and agricultural product processing, tourism, energy-saving and environmental protection.
The government will also improve the deposit insurance system and explore market-oriented methods for financial institutions to deal with risk.
The fourth biennial America-China Real Estate Summit will continue onto Seattle and Vancouver. Liu Zhifeng, president of the China Real Estate Association (CREA), led the delegation from China. The event was co-organized by CREA and the Asian Real Estate Association of America.
The government pro-supply measures have effectively reined in the rising momentum of coal prices during this year's peak season when high temperatures usually lead to a surge in power demand.
The global head of Caterpillar Inc, the US-based construction machinery behemoth, forecasts robust growth in China this year and plans to invest in several sectors in China, which he considers one of the company's most significant markets.
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The further opening up of financial markets has been advancing steadily.
The giant panda, the iconic image of Sichuan province, will lend its name to a food festival to be held in Chengdu.
The fund is directly allocated to the prefecture-and county-level governments from the central government in only eight days. It is to be received by enterprises and households within a month. The local governments need to follow the management rules of the national treasury system, Su said.
The government should implement follow-up policies to further lower medicine prices, he said.