The guideline said while the central government will rationally determine the minimum standard of national basic pension according to per capita disposable income and the financial status of urban and rural residences, local governments will raise the standard of a basic pension according to local conditions and carry out a preferential policy on urban and rural residents over the age of 65.
The high profit margin of the sector has also attracted other brands from the food industry. Last December, nearly 1,000 limited edition makeup palettes were sold in less than half an hour by one of China's largest beverage companies Hangzhou Wahaha Group, China News Service reported.
The government-led fund aims at facilitating the transformation of China's foreign trade patterns and cultivating new growth momentum for the economy. Launched last Friday, the total fund size is 30 billion yuan (.62 billion) and has completed the first phase of fundraising.
The growth narrowed from the 8 percent gain year-on-year in October, while the daily average output reached 10.51 million tons, the highest level since December 2015, according to the National Bureau of Statistics (NBS).
The guideline set a goal for China to become a global innovation center in this field by 2030. The total output value of AI industry is expected to exceed 1 trillion yuan (1.78 billion).
The growth of the country's M2, or the broad measure of money supply, fell to a record low of 8.8 percent in October, down from 9.2 percent in September, partly because of the tightened regulation on "shadow banking", according to PBOC data.
防城区 男科 全套检查
The guideline also called for strengthening market order regulation and keeping channels open to protect consumer rights.
The group called for timely corrections to problems uncovered during supervision, and those found to be making insufficient efforts should be called to account.
The growth outlook in all major developed economies and most developing regions has weakened due to a confluence of both domestic and external factors, the report said.
The government's insufficient promotion of the project was the primary reason for the support won by opponents who made "superficial statements", he said, without elaborating.