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In the past three years, 120,000 to 130,000 people applied to work outside the island each year, of which about 100,000 went to the Chinese mainland, Hong Kong and Macao, according to 104 Job Bank.

In the performing arts, the pop-up West Kowloon Bamboo Theatre opened almost 10 years ago, with a vision to reach out and engage with a new generation of younger artists and audiences.

In the next step, the village will work with companies to upgrade the homestays run by the villagers, and make efforts to increase the influence of the village to attract more tourists to experience rural and ecological culture, as well as red culture, he added.

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In the past, whenever China witnessed negative corporate profit growth, it accelerated infrastructure investment, loosened restrictive real estate policies and cut taxes to boost growth, said a China Merchants Securities research report. "We expect industrial profit growth to gradually pick up starting from April and become positive in the second quarter of this year."

In the next step, the NDRC will make a big push to ensure orderly resumption of work and promote new transportation projects in two aspects-offering funding support and accelerating the approval process.

In the next step, the ministry will make a big push to revitalize the domestic market, and develop new forms of businesses, such as telemedicine, online education and telecommuting, speed up the construction of new infrastructure in the fields of 5G network, internet of things, big data, artificial intelligence, industrial internet and smart cities.

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In the short-term, last week's market drop of more than 3,500 points, is likely to mean a shift to defensive stocks and away from those offering the prospect of high growth and hefty returns.

In the past, local governments either invited private capital to participate in road construction on the build-operate-transfer model, or borrowed loans from banks for road construction and paid back the loans with toll collections, an official said.

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In the overall development of the province’s innovation-driven economy, Shenzhen stands out. Wang Weizhong, the city’s Party chief, said the city will increase R&D investment from the current 4.1 percent of GDP to 4.2 percent over the next five years, to enhance basic research.

In the latter half of the year, the GAC will further simplify clearance procedures and cut logistics costs to optimize the business environment at ports, Ni said, who pledged to advance reforms in the regulation of cross-border e-commerce to help businesses better tap the global market.