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The Ministry of Finance delivered special orders to provincial-level finance departments, urging funds to be immediately injected into major investment projects.

The Me & City showcase by Metersbonwe marks the company’s first appearance at Shanghai Fashion Week. Photos provided to China Daily

The Ministry of Agriculture and Rural Affairs has delegated the power for approval on import and export of endangered aquatic plants and animals to Shanghai municipality.

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The IMF predicted global economic growth will be 0.1 percentage points lower this year and next year than its previous projection, coming in, respectively, at 3.2 percent and 3.5 percent for 2019 and 2020.

The Ministry of Finance is drafting a consumption tax law, which will focus on reforming the current tax system, strengthening the ability of local governments to deal with larger tax and fee reductions, and improving the consumption environment, said a senior official on Thursday.

The International Air Transport Association forecast that global passenger numbers will double in the next 20 years to 7.8 billion people, with half of all new passengers coming from the Asia-Pacific region, to which China will be a large contributor.

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The MTF has aspirations to develop the southern regions of the country too, particularly the Tanintharyi Region.

The IMF projected growth in advanced economies will slow slightly from 1.7 percent in 2019 to 1.6 percent in 2020 and 2021. It said that export-dependent economies like Germany should benefit from improvements in external demand, while US growth is forecast to slow as fiscal stimulus fades.

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The Ministry of Education said it would strengthen oversight of foreign teachers at after-school training institutions and any teacher found to have violated laws and regulations will be seriously punished according to the law, no matter who they are.

The Information’s Nick Winfield called it a “moment of reflection,” adding, “If Amazon ends up splitting its expansion into mini HQs, that is called … opening satellite offices, which scarcely deserves the buckets of ink spilled so far.”