The move is the latest sign of the government's determination to regulate overcapacity after its successful efforts in cutting capacity in recent years helped support economic growth.
The move is expected to quickly boost its fast food presence along the country's vast highway network and further diversify non-fuel services at gas station chains.
The municipal government provided financial support to help 40 bookstores that had been running at a loss to realize a profit last year, while profits at 23 stores rose year-on-year.
The move came after Malaysian Prime Minister Mahathir Mohamad visited SenseTime in Beijing in April. During that trip, SenseTime inked a deal with Malaysian technology company G3 Global Berhad and China Harbour Engineering Company Ltd to build Malaysia's first AI park.
The move signaled continued hard stance from the government following a tough financial clean-up in 2017.
The move came after the Chinese leader promised to boost imports by lowering tariffs, improving customs clearance, reducing the cost of importing goods and accelerating cross-border e-commerce.
海港区性功能障碍的防治
The most popular subject is dance. The classes for the fall semester were fully booked seven minutes after applications opened.
The move is part of Huawei's broader push to increase the applications of its in-house research and development capabilities amid the US government's restrictions on the company.
The move came shortly after Didi signed a strategic partnership deal with major Chinese carmaker BAIC Group to co-develop customized driverless cars featuring Level 4 autonomy. Level 4 autonomy means the car can drive itself in many conditions without a human driver.
The nation's large foreign exchange reserves, which exceeded trillion in March, will be a cushion for the dollar-denominated debts of Chinese businesses. China's economic recovery following the outbreak will also attract inflows of foreign capital seeking higher investment returns, said Guan Tao, chief global economist of BOC International (China) Co Ltd and a former official with the State Administration of Foreign Exchange.