The circular strictly forbids using the new special bonds for the replacement of outstanding debt, as well as recurring expenditure, unit operating expenses, payment of pensions, paychecks or interest payments.
The city, located in the Guangxi Zhuang autonomous region, emerged as an industrial power and automotive manufacturing hub in the 1990s, but had trouble with industrial emissions that harmed the environment and caused acid rain.
The city is casting off its perceived image of a "tech desert", as enterprises plan the next step ahead, trying out various online office-related applications and tools during the pandemic, said Tony Tsang, chief executive officer of DYXnet Group — a local network service provider.
The central government grants special funds for the construction of sponge cities. In 2015, China began to carry out sponge city pilot construction in 16 cities. In 2016, another 14 cities were included in the sponge city pilot area funded by the central government.
The ceremony, wrapped in the spirit of sportsmanship and friendship, provided many pleasant surprises to Wang Libo, an elementary school student from Linxia City.
The central bank drained 73.4 billion yuan of net cash from the market in October.
爱排名seo
The central bank has taken proactive measures in the first six months to increase loan supply to small companies. It required large banks to increase SME loans by 30 percent and cut average financing costs by 1 percentage point.
The central and local governments will also take further steps to create a fair and competitive market environment, improve the quality of regulatory approval services, and reduce corporate taxes and fees, according to the report on China's economic and financial outlook in 2019.
The city of Chishui in Guizhou province said Tuesday that the move is to "salute the doctors and nurses at the front line of the epidemic fight."
The city has been promoting its online administrative service capabilities in recent years.