The funds will go into sectors including public housing, renewal of hospitals and expansion of new urban towns, said Chan, while highlighting the role of infrastructure investments in boosting economic growth and improving people's livelihoods.
The government departments will select a host of counties around the country to pilot their own models of e-commerce development and enable their experience to be introduced to other areas. The pilot programs will be supported by a special, centrally financed fund.
The funds have also been used to improve the living conditions by building more public facilities, including waste and sewage treatment facilities and public toilets.
The fund is also looking at boosting its direct investments, including infrastructure and property projects in the US.
The government will increase fiscal input to the Xiongan New Area for the construction and maintenance of infrastructure, interest payment on local government debt and industry fund injection.
The general price level is stabilized. In the first couple of months, the government managed to bring the prices under control with consumer price index (CPI) slightly rising 1.4 percent year-on-year, according to the statistics office.
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The government has coordinated with the three companies to increase supplies by raising gas output, boosting imports and speeding up infrastructure construction, Meng Wei, spokeswoman for the National Development and Reform Commission, said at a briefing on Monday.
The gap between what we want and what we’re willing to pay for online is closing.?But if my content budget is any indication, it’s far from shut.
The full text of the draft law is available on the website of the National People's Congress, and members of the public are invited to offer comments or suggestions by Dec 6, either through online messages or letters.
The government will also support foreign companies in investing in the city's healthcare, general aviation and first-aid transportation services, according to Zong.