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The free trade account mechanism within the Shanghai FTZ has been an important tool in facilitating the development of the real economy. More than 38,000 Chinese and overseas companies have registered more than 72,000 FTAs in Shanghai. Total cross-border settlements stand at 25.9 trillion yuan (.7 trillion), reaching 161 countries and regions.

The government will provide support for the development of parts and materials and the construction of factories to expand the production of the affected materials.

The fund has invested 1.8 billion yuan so far in Air China and will pour more money into the airline, to push the latter to the next higher level and to fund its structural reform and fleet expansion, including the purchase of 15 Boeing-B787 aircraft.

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The government will promote public-private partnerships to encourage the participation of private capital in projects that have rational scientific policymaking and clear mechanisms on investment returns, according to the NDRC.

The four main businesses that the Hong Kong-headquartered company aims to expand are visual effects, VR, virtual assistants and film industry investment.

The fund, guided by the State-owned Assets Supervision and Administration Commission, is expected to raise initial capital of 113.9 billion yuan in the first stage.

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The goal is to vitalize small and medium-sized enterprises, reduce their burden and support their development, as stable development of enterprises helps boost employment, he said.

The government expects annual NEV output to hit 2 million in 2020 and NEV sales to make up 20 percent of the overall auto market by 2025.

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The four brands refer to services, manufacturing, shopping and culture.

The general office of the State Council has issued a circular on promoting the development of hi-tech agricultural industrial demonstration zones.