The province will also step up support to reduce rent and stabilize employment for small and medium-sized film companies. Businesses like cinemas can enjoy government subsidies if they launch skill training programs for employees, according to the policy.
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The recent past has seen Ethiopia emerging as Africa's front runner. While emulating Chinese industrial success, the East African country has engaged in extensive infrastructure and industrial park development in its second five-year growth and transformation plan. This has seen an upsurge in Chinese investments. Around 20 Chinese companies have established themselves, creating more than 8,000 jobs.
The province will also support auto and battery makers to cooperate with companies in the battery cascade utilization business.
The provincial government said Hainan is building a one-stop service platform, which will provide more than 30 service items such as residence registration, talent identification, housing subsidy applications, enterprise registration and school enrollment for children, to provide convenient services for incoming talent.
The public health sector highlights a variety of anti-epidemic products, technologies and services for COVID-19 prevention and control, such as negative pressure ambulances, nucleic acid testing kits, ECMO devices and CT scanners.
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The reaffirmation came as China and the EU issued a joint statement after their 21st leaders' meeting held here on Tuesday afternoon.
The recovery is noticeable in China, which is the world's largest car market and one of the drivers of Mercedes-Benz's success. Sales of the premium marque have returned to a normal level since late March and a rise was spotted in April.
The recovery of China's economy in the second quarter has provided enough confidence to investors. Fitch Ratings affirmed on Monday China's long-term foreign-currency issuer default rating at "A+" with a "stable outlook", supported by "the country's robust external finances, a track record of strong macroeconomic performance, and size as the world's second-largest economy".
The quality and effect of the fiscal policy must be enhanced with more efforts on structural adjustment, while the monetary policy should be pursued with moderate flexibility to maintain market liquidity at a reasonably ample level, said the statement released after the conference.