The nation's finance minister, Pierre Gramegna, made the commitment on Tuesday after signing a Memorandum of Understanding with Danny Alexander, vicepresident and corporate secretary of the AIIB.
The move announced on April 17 aims to create a sound environment for high-quality growth and supply-side reform, according to the People's Bank of China website.
The move is expected to reduce Walmart's share of the nation's ammunition market to 6 percent, from 20 percent. Walmart said last month that it accounted for about 2 percent of the nation's firearm sales.
The move is designed to meet the increasing demand from local customers and comes amid rising competition from rivals such as Amazon Inc and Alibaba Group Holding Ltd.
The move is in line with a national strategy on food supply, with future supply-demand relations taken into consideration, said Han.
The move follows a spate of fires and accidents involving new energy vehicles, as well as a government order calling for their makers to minimize the risks.
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The monthly growth pace of industrial profits is expected to stay at around 13.2 percent on average this year, according to Xie.
The most recent China-backed rice farming class ended last month with 80 people trained.
The museum began to limit daily visitors to 80,000 in June 2015, preventing excessive numbers of tourists during holiday periods.
The move is part of State Grid's long-term commitment to popularize long-distance electric vehicle trips among consumers and reduce power-related concerns.