The government will continue to tighten supervision on the banking sector with regulations that could extend into credit beyond the reach of supervisors, the head of a provincial office of China Banking Regulatory Commission said.
The government already launched a series of policies to boost the development of three major urban areas-the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta.
The government will continue to support express delivery and technology companies to develop smart postal lockers, drones, driverless vehicles and fully-automated warehouses to boost the express industry's work efficiency and upgrade its players' digital technologies, Bian added.
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The fresh round of financing, according to Wang Jun, chief financial officer of Miss Fresh, will be used in the company's smart chain technology and production supply chain capabilities to further boost development of its business model.
The giant project was launched on day two of the ongoing Dubai Investment Week by Meraas with China's Alibaba Group and China Financing and Investment Property Corporation (CFIPC).
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The government is also looking to the VAT reform to stimulate mass innovation and create an amicable climate for private enterprises through reducing corporate burdens.
The government will also toughen supervision over food production and operation including online meal ordering and issue guidelines to help upgrade the food sector, according to the statement.
The goal is part of the municipal government's three-year action plan, spanning 2018-20, that aims to form an ecosystem that integrates the healthcare industry and research institutions.
The government should ramp up support for infrastructure investments and strictly enforce economic discipline at the same time. Even after officials and project leaders leave their posts, they should still be held accountable for any possible wastage of public funds.