The reform will not only create more commercial vitality and expand SOEs' sales channels in overseas markets, but also introduce a market-oriented remuneration system to better reward outstanding performance and incentivize innovation, Lin said.
The reason we’re so excited is because the financing means we now have the capital to ensure we can deliver on the vision we set out to achieve nearly five years ago. We’ve done a lot with M of investment; imagine what we can do with M!
The reform has brought huge tax reductions to resource-saving and environment-friendly businesses, with taxes reduced by 4.2 billion yuan in the year ending June 2017.
The purchase of a passenger car with an engine displacement of 1.6 liters or less will be subsidized 1,000 yuan.
The public charge rule doesn't go into effect until Oct 15, but has been criticized by immigrants' rights advocates who plan to sue.
The province has improved rural toilets and upgraded sewage treatment and resource utilization.
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The recall also includes 4,691 Corolla hybrid cars manufactured by Tianjin FAW Toyota Motor between Nov 21, 2015 and Feb 2, 2016.
The recent transaction comprises of the transfer of the local brand Dashan Yunnan Shan Quan and three factories located in Kunming of Yunnan province, Shanghai and Tianjin.
The public health situation in Hubei province and its capital Wuhan, the epicenter of the outbreak, remains "grim", but "things are looking up in other parts of China, where local authorities are trying to strike a balance between fighting the epidemic and reviving economic life with tailored measures", the Shanghai Institutes for International Studies, a leading think tank, said in its latest report.
The question of how to efficiently exploit rural land remains a pressing issue in the world's most populous country, where food security and the well-being of rural residents are high priorities.