The good news is that both sides have agreed to "stand down, to not change tariffs, to work together," said Ford CEO Jim Hackett.
The fund, jointly backed by China's foreign exchange reserves, China Investment Corp., Export-Import Bank of China and China Development Bank, will support infrastructure and resource development and industrial cooperation in countries along the Silk Road.
The gala will be broadcast live on the Chinese Lunar New Year's eve, which falls on Jan 24 this year.
The gloomy atmosphere in China's new vehicle market has rolled over to its used car sales with March results coming in below expectations and that trend expected to continue for some months, according to industry experts.
The government has rolled out measures to build a sound business environment for the private sector, including less red tape, better services and lower fees and taxes. During the first three quarters of 2017, 4.51 million new businesses were registered, up 12.5 percent from a year ago.
The government has also announced a 2.4 billion Australian dollars (.5 billion) medical response to the virus.
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The fund's first projects have already added a combined 134 megawatts of clean energy to China's national power grid. Through the Clean Energy Fund and other Apple renewable projects, Apple has invested in over 600 megawatts of wind and solar power in China.
The goal is to guarantee sufficient manpower to conduct relevant work, establish a cross-departmental cooperation mechanism and select capable personnel, Lee said.
The fourth plenary session also laid out a map for turning institutional strength into even more effective governance, covering key fields like Party leadership, rule of law, the economy and the environment.
The government has implemented temporary tax cuts and preferential loan policies for SMEs, he said.