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The central government's intention to control public sector leverage remains unchanged. [Photo/VCG]

The city is a budding hot spot for attracting some of the world's iconic projects. For instance, Tesla's Gigafactory 3 recorded the largest single foreign investment Shanghai has ever received, whereas Shanghai Disney Resort marked the biggest ever joint venture in the services sector in China.

The circular said there was a significant need for oversight after the ministry dropped an approval process for potential players in the field in 2018 and switched to a registration system.

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The city and district government will shoulder the costs for the tests, it added.

The central government has vowed to cut taxes and fees and expand effective investment to keep the country's economic growth within 6 percent and 6.5 percent this year, according to the Government Work Report released at this year's session of the National People's Congress.

The central parity rate strengthened 309 pips ("point in percentage", or a single-digit move in the fourth decimal place in a currency pair) to 6.8954 against the US dollar, which was its strongest level since Aug 1, according to the China Foreign Exchange Trade System.

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The central bank's monetary policy committee held the first quarter's regular meeting on Friday. The members achieved a consensus to continue the counter-cyclical measures and strengthen coordination between monetary and fiscal policies. Policy fine-tuning should be at the proper time, to prevent risks with the priority of stabilizing growth, according to a statement after the meeting.

The center, which started operations last July, enables overseas parcels to be sent directly to local recipients, rather than bypassing Ningxia for customs clearance. It also distributes international deliveries across the country.

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The city's strength in tourism and hospitality, the richness of its cultural heritage and support from the motherland all inspire confidence, she said in an exclusive inter view with China Daily.

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 78 pips to 6.9879 against the US dollar Friday. [Photo/VCG]