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The government has reiterated its support for e-commerce in underdeveloped rural areas. The Ministry of Commerce announced in October 2016 that "policy support will be given to small online retailers ... to lower their operational costs."

The funds will mature in one year with an interest rate of 3.3 percent, unchanged from previous operations. The MLF injection came as 336.5 billion yuan of such loans matured Wednesday.

The four-week moving average for continuing claims, intended to smooth out spikes and provide a more accurate view of the job market, fell by 532,750 to 13.5 million.

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The goal is to offer quick, convenient legal services nationwide by 2022, and also to ensure that a "community counsel" can be provided for every community or village as soon as possible.

The government will also promote industrial upgrading by encouraging colleges and research institutions to work with enterprises to build manufacturing innovation centers and developing strategies for the digital economy.

The government has confirmed that a plan is being forged to build a free trade port in Shanghai.

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The gigafactory, with a total investment of 50 billion yuan (.25 billion), will have a production capacity of 500,000 units in two to three years. The first phase of the factory, with an initial investment of 16 billion yuan, targets 250,000 units of Model 3 and Model Y electric vehicles annually. The CKD (completely knock down) plant will enable production as soon as possible, said the report.

The future landscape is filled with challenges arising from the COVID-19 outbreak, the global economic downturn and the fierce insurance market competition. However, the insurance sector also bears great potentials, and is undergoing profound shifts and forming new patterns, thus presenting great opportunities. China Re Group will follow the strategies of "platform operation, technology advancement and globalization", firmly adhere to effective development, meet market benchmarks, keep the bottom-line of risk compliance and continue digital transformation, implement the operation strategy of "stabilizing growth, optimizing structure, controlling risk, and improving profitability", while striving to achieve the "One-Three-Five" Strategy，high-quality development and sound growth in overall value, to deliver more value for China Re Group's customers and shareholders.

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The government will also strive to initiate an insurance system covering losses from major disasters, an overall emergency response plan, the construction of major fundamental infrastructure, and promotion of safety awareness of the public.

The fund will be deployed for purposes such as procurement of medical supplies, provision of technical support, reward for the people who contribute to the battle, assistance for the infected and their families, research and development of anti-virus solutions, and improvement of medical facilities.