The funds have been earmarked for brand promotion; product research and development; training and education for distributors, employees and consumers; technology updates; and merger and acquisition activities, among others.
The government will further streamline administration by cutting procedural requirements, including shortening the negative list for market entry, decoupling business licenses and operating permits, simplifying the review process for construction projects and reducing the types of industrial production permits. The goal, before the end of this year, is to cut the time required for starting a business to five working days at most, and for companies to get electrical service within 45 working days.
The government investment has helped the country achieve universal healthcare by extending health insurance policies to the rural population and urban unemployed, who previously had no coverage at all.
The government also stayed alert to market fluctuations due to drops in steel supply and to guide market expectations.
The goals of deepening reform of Party and state institutions include:
The garrison pledges to resolutely follow the command of the Communist Party of China Central Committee and the CMC, firmly implement the "one country, two systems" principle, the Basic Law of the Macao SAR and the Law of the People's Republic of China on Garrisoning the Macao SAR, resolutely safeguard national sovereignty, security and development interests, effectively perform the defense duty in Macao and make new and greater contributions to maintaining the prosperity and stability of Macao.
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The goal was to use the e-readers to help individuals study English at libraries,?educational centers, reading rooms and other locations, with the State Department listing a number of factors (including?text to speech; long-lasting battery life and free Wi-Fi)?as to why it chose Amazon’s devices.
The government is also looking to the VAT reform to stimulate mass innovation and create an amicable climate for private enterprises through reducing corporate burdens.
The global drive of China's high tech sectors, including equipment manufacturing and clean energy, is promising, Chen says.
The government has expanded financing channels for local governments by introducing land revenue bonds.