The privately surveyed Caixin China General Manufacturing PMI for April, unveiled on Thursday, returned to contraction territory at 49.4, with the sub-index for new export orders falling to the lowest level since December 2008.
The project's budget is believed to be tens of millions of dollars, and dozens of local contractors will be affected by the suspension.
The program will run in China, India, Indonesia, Malaysia, Philippines, Thailand and Vietnam.
The project deals, signed by the city and some 300 domestic and foreign technology giants and major internet companies — Huawei, Baidu and JD among them — will help push Guangzhou, already a major center of commerce, toward its goal of being a smart city in the years ahead, the statement said.
The private sector contributes 50 percent to the province's gross domestic product and 90 percent of the province's businesses are privately run, according to the government data.
The product sold by Manulife Teda Fund Management is the first target-risk fund of its kind in China. Public information shows that half of its investment will be allocated to equity assets and the other half to non-equity assets. Qualified domestic institutional investors funds and funds mutually recognized by the Hong Kong and Chinese mainland markets are also included for this product.
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The president said he had misspoken when he said he saw no reason to believe Russia had interfered in the 2016 US election.
The president tweeted last Friday that his request for an investigation into Biden "has NOTHING to do with politics or a political campaign against the Bidens. This does have to do with their corruption!"
The program was advocated by the World Customs Organization to strengthen international supply chain security and facilitate the movement of legitimate goods.
The programs aim to cultivate innovative, passionate and capable young scientists by teaching them more about the nation's latest developments and opportunities, Carrie Lam Cheng Yuet-ngor, chief executive of the Hong Kong Special Administrative Region, said at the closing ceremony of the academy's internship program on July 26.