The new area will create a favorable environment for innovation and attract talent to help create a "high ground" for innovation and a new science and technology city, He Lifeng, minister of the National Development and Reform Commission, has said. The commission is the top economic planner.
The new regulations indicate "the financial departments of local governments at all levels are responsible for the unified management of local government debts", which is helpful to restrain local authorities' impulse to borrow too much money, Liu added.
The new law lifted import restrictions on rice. It imposed a 35 percent tariff on imports of the crop from member countries of the Association of Southeast Asian Nations, and 40 percent for rice sourced outside of ASEAN.
The new airport has been designed to handle up to 72 million passengers and 2 million tons of cargo each year by 2025. It will have four runways and accommodate 620,000 flights per year.
The new product range will include four sections, namely Sports Cars, Gran Turismo (GT), Special Series, and a new strictly limited line called "Icona" (Icon) inspired by Ferrari's most iconic models from the 1950s and 1960s yet featuring the best Formula 1 technology.
The new company will have a huge analytics team that processes and reports on data, he said.
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The new measures will help improve sales and after-sales service across different auto brands, an approach that will save resources, improve efficiency and improve services, it added.
The new airport, located in the city's southern Daxing district, is designed to alleviate the strain on Beijing Capital International Airport in the northeast.
The new move also reflects a broader push from multinational enterprises to gear up efforts in the industrial internet as the sector gains momentum in China. The industrial internet refers to a network of linked advanced machines with internet-connected sensors and big data analytics.
The national system of essential medicines was introduced in 2009, one of the five major tasks set for China's medical reforms, Jiang said. The system, which stemmed from a shortage of supplies in other countries, was designed to advance systematic reform of medical care in China, he said.