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The city has taken measures to ensure safe and efficient production for the producers. "We prepared protective gear and disinfectant and cut down rent for companies," Chen said, adding that the government has also recruited volunteers to help with production.

The circular asked for innovative ways to promote the law to foster a strong environment in society for the law to be respected, learned about, observed and applied.

The central bank governor had an optimistic outlook for full-year GDP growth and said the economic recovery will sustain in the second half and reverse the 1.6-percent contraction seen in June. He said that the world's second-largest economy has immense potential and enough resilience to weather the COVID-19 shocks.

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The central bank issued the guidelines on Nov 17 to regulate asset management businesses more strictly.

The center was established in 2017, after President Xi Jinping visited Finland and opened a new chapter of Sino-Finnish relation, Pan said.

The city currently houses more than 8,300 foreign-funded companies from nearly 100 countries and regions, and the total value of paid-in foreign direct investment totals billion at present.

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The central bank said it would issue more debt in Hong Kong, the renminbi offshore market, following a 20 billion yuan (.91 billion) issuance on May 15.

The central government has exercised "zero tolerance" toward environmental violations, punishing thousands of officials in nationwide inspections.

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The city decided to start creating the area near the moat as water quality had been continuously improving.

The circular pledged to simplify regulation and approval procedures while calling for new breakthroughs in the business registration system.