The city aims to make 100 million yuan ( million) worth of export merchandise available domestically through online channels, spanning 10 major categories and 500 types of products.
The central bank will provide initial funding support to professional institutions, which are entitled to provide credit enhancement to private businesses that face liquidity problems.
The ceremony was held on Monday afternoon at the square of the Opium War Museum in Humen town, the site that Lin Zexu, an official of the Qing Dynasty (1644-1911), burned smuggled opium confiscated from foreign dealers in 1839.
The center, with a construction floor space of 18,557 square meters, includes a main engineering project as well as supporting facilities and those for environmental protection.
The city, which already hosts 500 5G stations, is looking to build itself into a 5G pioneering venue. It aims to construct 10,000 5G base stations by the end of this year and 30,000 by 2021, said Zhang Jianming, deputy director of the Shanghai Municipal Economic and Informatization Commission, the local telecom and industry regulator.
The city has also cultivated business connections with more than 210 countries and regions. And according to Yiwu customs, 1.08 million TEUs of goods were exported from Yiwu in 2018, up 15.9 percent, accounting for one-seventh of the containers leaving the Ningbo-Zhoushan Port in Ningbo, another city in Zhejiang province.
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The ceremony also unveiled a series of wildlife-themed photo exhibitions, film screenings and salon sharing sessions to promote upcoming activities which will take place across China. These efforts are part of China's lead-up to the London Conference against Illegal Wildlife Trade in October, which will attract more than 40 countries to participate, including China, and provide an opportunity to discuss and agree on ways to tackle wildlife crime together.
The center on Thursday also renewed a blue alert for rainstorms, which are expected to sweep parts of Heilongjiang, Jilin, Liaoning and Inner Mongolia. Some areas are expected to see up to 50 mm of hourly precipitation.
The city government and the company signed a strategic cooperation agreement in August 2017. The project, with a total investment value of more than billion, was settled in the Wuxi high-tech district. It is the largest-ever single investment in Wuxi. The project is also the first production facility that Huahong Group has invested in outside Shanghai.
The city's cross-border e-commerce imports and exports surged 50.4 percent year-on-year, the added value of intelligent equipment and robots industry, and rail transit industry increased 15.6 percent and 8.1 percent, and the output value of new high-tech products accounted for 48.5 percent of the industrial output value.