The free trade account for China (Hainan) Pilot Free Trade Zone was launched on Tuesday in Hainan province, as part of the efforts to develop a sound business environment in the country's largest free trade zone established in April 2018.
The government will also allow rental housing on rural land to increase rental options, the minister said.
The foundation covers the council's operating costs and all profits are distributed among the villagers.
The fund also signed an MOU for cooperation with the National Bank of the Republic of Uzbekistan for Foreign Economic Activity to invite Chinese companies to participate in the construction of a cultural tourism complex in Samarkand, Uzbekistan's second largest city.
The foundation also worked with leading e-commerce platforms to help farmers from 340 poverty-stricken counties across the country promote their agricultural products.
The function enables them to invite friends to manage an album together where they have the ability to upload, comment and interact with each other.
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The government will offer monetary and credit policy incentives to financial institutions to carry out the business of inclusive finance, it added.
The golden rice paddies and wooden dwellings of the Longji terraced field scenic area are shrouded in mist after rainfall in Longsheng county, South China's Guangxi Zhuang autonomous region. The picturesque scenery attracts tourists from home and abroad for sightseeing.
The gathering would be the last social event in the million, 204,000 square-foot factory before production begins.
The fragrance of fresh tea fills the air on the streets of Hetaoba, a village in Meitan county, Guizhou province. While this is an unusual season for picking in most tea-cultivation areas, the favorable weather conditions in Hetaoba allow three harvests every year, so the villagers are busy with their "summer tea" collection.