The central government will allocate 228 million yuan to the project, and the Civil Aviation Development Fund will invest 380 million yuan. The regional government will contribute the remaining 152 million yuan, according to the statement.
The central bank has cut the level of cash that banks must hold for reserves to unleash more loans from the banking system and given incentives to lenders willing to put more emphasis on financing services to small- and medium-sized enterprises.
The central government will roll out a series of incentives to make financing more accessible and affordable for small and micro businesses to promote cost-cutting in the real economy, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
The civil aviation development fund will subsidize companies in the sector to invest in fixed assets for the control of the novel coronavirus disease (COVID-19), the administration said in a statement.
The centralized purchase, including MME telecom equipment and SAE-GW telecom equipment, awarded contracts to 5G equipment makers at home and abroad.
The city is accelerating legislation on the promotion of overseas investment to create a more favorable business environment and better protect the legal rights and interests of overseas investors.
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The central government will act strictly in line with the Constitution and the Basic Law, to ensure that the implementation of "One Country, Two Systems" will never be bent or distorted, he added.
The city is also encouraging local travel agencies to launch more tourism products and tour routes that fit the 2.5-day weekend and meet consumers' different needs.
The central rural work conference also discussed a document on increasing efforts on major work concerning agriculture, rural areas and rural people to ensure the goal of building a moderately prosperous society in all respects is achieved on time.
The city will take different measures to promote the resumption of work based on the health risks of different regions.