Meng Chunlei, a researcher from the Research Institute of Highway, said the "new infrastructure" projects will facilitate development of V2X (vehicle-to-everything), a technology that allows vehicles to communicate with moving parts of the traffic system around them, and the commercialization of self-driving cars.
Mergers and restructuring also accounted for the profit growth of some listed companies.
Meanwhile, the government is providing better services and encourages enterprises to further invest to increase their competitiveness, Zhou said. Costs should be reduced for enterprises to alleviate their burdens, he added.
Member, Leading Party Members Group of the State Council
Michael Bennet, a Democratic US senator from Colorado, tweeted on Tuesday: "Make no mistake: This is an escalating trade war, and the ones who lose a trade war are American workers, farmers and ranchers, and families. Reckless tariffs do not make a trade strategy."
Medical equipment and healthcare companies will have more space this year, with an area set aside for elderly care and rehabilitation service providers.
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Meanwhile, travel time on the rail networks between the downtown Guangzhou and its suburban areas will be reduced to half an hour.
Meanwhile, the system ensures the quality of STAR-listed companies by underscoring information disclosure, investor protection and penalties for unlawful practices, said Pan.
Measures approved to streamline administration, reduce burdens
Members of a road construction team depart from the advance camp at an altitude of 6,500 meters of Mount Qomolangma in Southwest China's Tibet autonomous region, May 10, 2020. [Photo/Xinhua]