The fund is directly allocated to the prefecture-and county-level governments from the central government in only eight days. It is to be received by enterprises and households within a month. The local governments need to follow the management rules of the national treasury system, Su said.
The fundraising figure is more than double the 20 billion yuan amount estimated in its prospectus, due to expected stronger demand from investors.
The fund will be led by institutional investors from China and the UK, and "it will invest in innovative, sustainable and consumption-driven growth opportunities in the two countries as well as third markets to create employment and boost trade links", the statement said.
The government also is promoting the concept of globalization in local industrial parks, highlighting market-oriented operations and closer cooperation with advanced overseas counterparts and industry associations.
The government of Serbia financed the new laboratory with around 3.5 million euros, while the Chinese Zijin Copper donated 500,000 euros, the release revealed.
The government has authorized companies to increase the production of detergents, disinfectants and hygiene products, said Reza Rahmani, Iran's minister of industry, mines and trade.
昆明不能做无痛人流
The government noted in a news release that the province started renovating toilets in rural areas in 2014, and said that about 10 million toilets with substandard hygiene had been renovated or rebuilt as of the end of last year. More than 8 billion yuan (.2 billion) has been invested so far.
The government will continue to deleverage the economy by firmly taking a prudent monetary policy and prioritizing reducing leverage in state-owned enterprises, Xi said.
The government also said it aims to build an ethanol production base in the country's northeast, the main corn-growing region. Further details are awaited.
The funnel she refers to is Latino STEM students entering the workforce.