The city will extend production restrictions on steel mills once the current curbs expire on March 15, Tangshan Development and Reform Commission said.
The city has also developed industrial zones for incubating small and medium-sized enterprises that specialize in processing agricultural products. One enterprise, for instance, has managed to extract anthocyanin, an antioxidant found in blueberries. Anthocyanins are said to offer anti-inflammatory, anti-viral, and anti-cancer benefits.
The city is to advance research and development of core technology of hydrogen production, storage and transport, and improve hydrogen infrastructure in the coming years.
The central and western regions of China, as well as the country's free trade zones, witnessed a steady increase of foreign investment through April, with the actual use of foreign capital in the western region up 9.6 percent to 21.2 billion yuan, and that of the free trade zones up 11.8 percent.
The city has actively practiced the concept that "green water and green mountains are golden mountains and silver mountains", making the protection and restoration of wetlands as a livelihood project to build a happy home for the people.
The city has become a major trading hub between the two countries with food products and beverages flowing in.
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The central bank has indicated that it will continue to deploy structural policy tools, including relending and rediscount programs, to support smaller businesses and secure sufficient jobs. It expects full-year renminbi-denominated loans to rise to 20 trillion yuan (.04 trillion) this year, compared with 16.81 trillion yuan in 2019, while total social financing may reach 30 trillion yuan or more, indicating stronger support to the real economy.
The change of tone is a move forward in the right direction on the issue, Ruan added.
The central bank showed that by the end of March, companies in China had opened 57.84 million bank accounts, accounting for 92 percent of the total accounts for entities.
The city, which is home to over 70,000 technology-based enterprises, spends about 4.9 percent of its GDP on research and development.