The president pledged the full support of the federal government. Gov. Jerry Brown and Gov.-elect Gavin Newsom thanked him for coming out.
The program is initiated in response to increasingly prominent mental problems among the elderly over the recent years, according to the NHC.
The private equity firm said it will use this new investment vehicle to support medium-sized enterprises with high potential for growth and capability to expand internationally. Core markets will include China, France, Germany and some countries in North America.
The project will not only modernize and strengthen Pakistan's railway network, but create thousands of jobs for skilled people and boost industrialization in the country, Khan told a Cabinet meeting on Monday.
The project will be spearheaded by a China-based nonprofit organization, Paradise International Foundation, an environmental group Ma and Zeng Fanzhi, a contemporary Chinese artist, co-founded in April 2015.
The project in the Laiwu District of Jinan, capital of east China's Shandong Province, has a total investment of 15 billion yuan (.3 billion) and covers an area of 207 hectares.
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The problem with Chinese tourists now is that they have to be quarantined for two weeks once they are back home, he said, adding that this rule has yet to be changed.
The project, when completed, will feature landscapes of 40 to 100 meters wide and a water area of about 120,000 square meters for the resort.
The principal contradiction the country now faces is one between unbalanced and inadequate development and the people's ever-growing needs for a better life. Previously, the principal contradiction was described as being between the ever-growing material and cultural needs of the people and backward social production.
The promotion, known as the "red packet feast", will also include other cash gifts if people sign onto the app on a daily basis, recommend new users and transfer funds via the tool.