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The goals, he explains, include creating future electric grids.

The government will further boost fiscal investment in technology in the future, to lead more resources to innovation areas, and encourage companies to invest more in research, said Guan Xiaojing, a senior economist with the NBS.

The fresh round was led by private equity firm Yunfeng Capital. TAL education group, a leading Chinese education company, was among the investors.

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The friendship between China and ASEAN has deepened as both sides have come to each other's assistance in facing the COVID-19 pandemic, which has also provided opportunities to deepen cooperation in health and the digital economy, said Ong, stressing that such cooperation not only helps China and ASEAN jointly contain the pandemic, but also lays the groundwork for economic recovery and further cooperation.

The global pandemic has put a spotlight on the Seattle tech giant as millions rely on the company for everything from grocery delivery to cloud computing. Amazon is struggling to keep up with demand spikes from customers confined to their homes under shutdown orders around the world.

The fund, which raised around billion in its first outing, has been a target for US politicians concerned that Chinese firms could challenge chip giants in the United States like Qualcomm Corp , a big supplier to Chinese firms.

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The government of the US state of Wisconsin and Foxconn inked the final contract for the plant worth billion in November. According to the contract, Foxconn has to hire 13,000 local workers.

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.

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The funds should also benefit people reliant on social security schemes, subsistence allowances, unemployment benefits, old-age support and those living in difficulty, he said at a meeting in Beijing.

The goal of the free trade zone in northern China is to attract foreign production teams to make films about Chinese culture and stories. Many co-produced films nowadays solely center on western culture despite the participation of Chinese actors, Wang Wei, vice director of management committee of the area, noted.