The foundation's first phase will help raise 7,000 to support a charity for the China Foundation for Poverty Alleviation that helps support more than 2,000 rural, "left-behind" children, whose parents have moved to urban areas to work.
The gold reserves were equivalent to around .5 billion, down from .5 billion in the previous month, it said.
The government also needs to improve financial infrastructure to provide healthier and more reliable public services to diversified financial institutions, especially small- and medium-sized ones. The construction of certain infrastructure could adopt public-private partnerships, which involve collaboration between a government agency -- such as the Ministry of Finance, the People's Bank of China and financial regulators -- and a private sector company, he added.
The free zone, which covers about 923 hectares of land and will be developed in four phases. It is designed to take advantage of Balochistan's rich fishery and mineral resources to develop relevant industries for overseas market and to develop light industry for the domestic consumption.
The government called on the public to take an active part in the prevention and control of the epidemic and the improvement of environmental hygiene, including cleaning work in public venues and routine disinfection of public transportation, according to Gao.
The government sees the program as a key measure to boost its ongoing supply-side structural reform, which could further facilitate the auto trade and provide more consumer choice.
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The government has extended the lockdown until June 30 in so-called containment zones that should remain under lockdown because they continue to report a high number of infections.
The government has carried out testing and contact tracing, implemented a QR health code system, banned nearly all foreigners from entering the country, and put people who were allowed to return into a 14-day quarantine.
The government is still launching policies to boost the consumption of automobiles and home appliances, as well as the consumption in other industries. Furthermore, if China accelerates the implementation of reforms of the household registration system to allow more migrant workers to have urban household status, the government will encourage these people to make greater contribution to the local economy in terms of consumption, he said.
The government offered a package of measures to support SMEs, such as providing funds for promotion and facilitating loans.