The draft ordered authorities to set clear policies for tax preferences, ensure easy access to finance, lower the costs associated with establishing startups, as well as offer support for innovation and training. "An important highlight of the draft is that it specifies the leading government department for SME management," Zhang said. Currently, there is no designated leading department, meaning responsibilities are not defined and making it difficult to review the law's implementation, Zhang said. Amid a wider nationwide push to reduce taxes and charges, targeted measures designed to support SMEs will lighten the financial burdens carried by small companies, he added. The central government will reduce corporate costs by 1 trillion yuan (6 billion) this year by slashing taxes and fees.
The epicenter was about 90 miles (145 km) from Pacific coast surfer resort Puerto Escondido in the southern state of Oaxaca and had a depth of 15.3 miles (24.6 km), according to the US Geological Survey.
The event on April 10, co-organized by cross-border e-commerce site AliExpress, aimed to promote the city's small and medium-sized enterprises, whose export-oriented businesses have been severely squeezed by the novel coronavirus pandemic's impact on key markets overseas.
The era of overall shortage has ended in China's property market, but new issues of unbalanced allocation and undeveloped services have emerged, said China Vanke Co's Chairman Yu Liang.
The downbeat market reactions came as COVID-19 infections across the United States continue to surge, forcing some states to reimpose restrictions.
The draft is expected to address prominent problems damaging the ecological system of the Yangtze River basin, prevent and rectify various disruptive behaviors and boost the high-quality development of the Yangtze River Economic Belt, said Gao Hucheng, chairman of the NPC Environmental Protection and Resources Conservation Committee, while briefing lawmakers on the draft Monday.
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The event has been held for three times. The last meeting also took place in Stanford University.
The evaluation will be aligned with World Bank standards and reflect Chinese features, the statement said.
The embattled utility, in a bid to collect and contain the radioactive water, said it has installed a concrete box designed to automatically distribute the water among storage tanks when the concrete box reaches a certain capacity.
The drive for innovation and an optimistic attitude were also apparent at the Offshore Industry Forum held on Sunday night in Houston's energy corridor.