The government is also working on systems to share and check civilian drone registration data.
The government has carried out the reorganization of 21 groups, involving 39 central SOEs such as China North Railway and China South Railway, China Nuclear Engineering and Construction Corp and China National Nuclear Corp since 2012. China to date has 96 central SOEs, according to the SASAC.
The fundraising, of which 0 million was from Japanese carmaker Toyota Motor Corporation, has put the three-year old startup's valuation at over billion.
The government has moved to lower corporate burdens as part of the country's supply-side structural reform in past few years. A government work report released in March promised around 350 billion yuan in corporate tax cuts and around 200 billion yuan in reductions to business fees in 2017.
The full spectrum of IBM's business is what makes him stay with the group. He wants to be sure his employees can enjoy the same learning curve that fosters both skills and innovative mentality as he did.
The fresh move followed last Friday's imposition of 25 percent tariffs on billion in Chinese products, which Beijing reciprocated by targeting American exports of the same value.
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The fund will also work with banks' bulk guaranteed loan businesses, and is planning to increase reinsurance services by 400 billion yuan (.4 billion) this year, the circular said.
The funds will be used to finance major projects in emerging industries and building innovation platforms, according to the agreement signed with the National Development and Reform Commission.
The gaming market grew by 23 percent year-on-year to .2 billion in China in 2017, said a survey report by the Game Publishers Association Publications Committee, also known as the GPC.
The government is conducting study to upgrade the Closer Economic Partnership Arrangement, in an effort to further open up Hong Kong SAR and Macao SAR.