Local governments will be urged to leverage financial resources for reducing "hidden debt" and make use of market-oriented financial instruments for debt swaps, a senior government official said on Thursday.
Local officials said it was partly a result of efforts made by the government of Huaibei, one of China's largest raw coal production bases, to reduce reliance on the coal sector and improve the natural environment.
Local authorities and government departments must amend the problems, and report the amendments to the State Council before the end of October, the Cabinet said after an executive meeting on Wednesday.
London Breed, the mayor of San Francisco, said references to the virus that causes COVID-19 as a "Chinese virus" are "offensive and counterproductive".
Looking ahead, China's GDP growth should be around 6 percent this year, said Tang Jianwei, chief researcher at the Bank of Communications' Financial Research Center.
Local governments, which collected 8.7 trillion yuan in the first 10 months, have taken measures to increase nontax income including selling some assets, the document said.
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Liu, who was born in 1986, fell in love with drones even before they became popular in China. When he worked as a public servant, he spent his spare time helping his friends record weddings and travels with a drone.
Local companies are scrambling to answer the call. Chinese tech giant Lenovo Group Ltd, for instance, is stepping up its push to help local companies accelerate intelligent transformation and unveil new tech solutions for smart cities, education, agriculture, energy, manufacturing and other sectors.
Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, told Trump that China-US relations have achieved important and positive progress under the guidance of the two heads of the state.
Lo said his company is expanding its original focus from market inside Thailand to other countries in Southeast Asia and "Hong Kong, recognized for its internationally-based clientele, is actually a good base to present for the first time into the international market."