The move came after the outbreak disrupted logistics chains, dampening sales of farm produce and leaving many farmers struggling.
The money that is not being invested right away will be transferred to the council in accordance with contracts that have been signed with the eight provincial regions, he said.
The move is expected to help lower prices of 5G smartphones and quicken the popularity of consumer-oriented 5G applications.
The most timely and helpful measure is phasing out the employment permit requirement for Hong Kong people working on the mainland, explains Kuo Wai-keung.
The move is part of China's long-term goal, announced by President Xi Jinping at the opening ceremony of the expo, to allow total services imports to exceed trillion within the next 15 years.
The move aims at harnessing private capital to fast track delivery of projects while also easing government investment when undertaking mega infrastructure projects in the continent.
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The municipality, which covers more than 31,000 square miles, is home to more than 30 million people. In 1997, it became the fourth municipality of China after Beijing, Shanghai and Tianjin. As the commerce and transportation center of western China, Chongqing has become number one on the World Travel and Tourism Council's most recent "10 Fastest Developing Tourism Cities In The World" list.
The mobile medical teams will visit local hospitals, grassroots clinics, temples and social welfare institutes to provide a range of services, including diagnosis and treatment of various diseases, and to help train local medical workers, according to Jin Dapeng, vice-president of the Chinese Medical Association.
The ministry, together with 16 other central authorities including the National Development and Reform Commission, released a guideline focusing on sustainable development of rural tourism in November, covering directions on its culture, infrastructure and public services construction.
The move is expected to release about 1.38 trillion yuan of funds for commercial banks, said Ming Ming, an analyst with CITIC Securities.