The ceremony was attended by senior officials from the central government and Guangdong province, along with German consular officers and senior BASF executives.
The central bank has cut the amount of cash that banks must set aside as reserves three times this year, releasing 1.75 trillion yuan in liquidity to support the economy.
The city's status as a financial center, which is less dependent on the US, will instead be secured by a foreseeable influx of mainland businesses amid escalating Sino-US tensions, said Francis Lui Ting-ming, professor emeritus at the Hong Kong University of Science and Technology.
The central government will fully fund the upward adjustment in the mid-west regions and cover half of the expenditure for the raise in the more developed eastern areas.
The central government has urged disaster watchdogs to share data regularly with railway operators, after a mudslide caused a passenger train to derail in Central China last month, killing one and injuring more than 120 on board.
The city government will beef up the training of volunteers and strengthen security over the next three months, he added.
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The change will greatly reduce the time it takes to transfer containers, increase logistics efficiency, improve road traffic and lower transportation costs.
The city's GDP is expected to hit 66.65 billion yuan (.68 billion) in the first quarter, up 2.1 percent year-on-year. Profits made by industrial enterprises realized positive growth for the first time in the past three years.
The cinema is part of a plan by the local cultural authorities to establish community services on Sansha's islands.
The central bank will carry out "dynamic adjustment" in its policy for commercial banks' reserve requirement ratio in the targeted manner in the near future and will ensure financing to be more inclusive and supportive for smaller firms, Chen Yulu, a deputy governor of the PBOC, said on Monday.