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The government also will help solve practical issues in the process of investment, production and operation for global companies in a bid to put their growth in China on a firmer footing, he noted.  

The government of Shigatse, a border city in the Tibet autonomous region, is using multimillion yuan subsidies to attract businesses and industries.

The government has made restrictions on who can buy the houses. For example, buyers and their families cannot already own homes, single people making purchases must be at least 30 years old, and a family can only apply for one such home.

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The government tightened the social-distancing guidelines to contain the virus spread, encouraging people to stay at home and avoid social gatherings and outside activity, such as eating out and shopping.

The global spread of novel coronavirus has added uncertainty about the economic outlook and the associated financial stability risks. The large swings in asset prices last week put global markets and institutions under pressure, which came along with tightened financial conditions.

The government has removed some administrative hurdles, like the necessity to get prior approval for enterprises investing more than 0 million. Such firms only need to register with the NDRC, according to the latest guidelines.

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The government announced several creative plans to build Hainan island into an international free trade zone and free port. Next came proposals to give foreign investors full access to China's general manufacturing sector.

The global solid state drive market was estimated to be worth .47 billion in 2017 and .22 billion by 2023, at a compound average annual growth rate of 14.68 percent between 2017 and 2023, according to a report released by the market consultancy MarketsandMarkets Research.

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The freight trains between Hunan and Europe, loaded with domestic goods, journey to countries along the Belt and Road, bringing their goods back to Hunan. This makes trade and cultural exchanges more convenient. [Photo/cs.rednet.cn]

The government plans to adopt more methods based on market rules and related laws while phasing out outdated capacity. It also decided to eliminate illegal production facilities and prevent those that have been shut down from opening again.