The city's unemployment rate jumped to 5.2 percent during the February-to-April period, the highest in over 15 years. Plagued by months of social unrest and the coronavirus pandemic, an estimated 200,000 people are jobless.
The city started to link voluntary blood donation with citizen's trustworthiness in November 2016, along with other behaviors including acting bravely for a just case, taking part in charity activities or volunteering.
The central bank said earlier that the decline of M2 growth "may become a new normal" for the future.
The city has one of the most favorable business environments in China, and with a large number of high-tech companies, it tops all Chinese cities in innovative capability, according to Chen.
The city's foreign capital inflows rose 6.1 percent year-on-year to about .52 billion in the first three quarters of 2020, local authorities said Thursday.
The change was decided upon as unilateralism and trade protectionism are on the rise and tensions appear in the trade relations among global economies.
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The central government collected about 6.6 trillion yuan during the period, up 3.5 percent year-on-year, while local governments saw fiscal revenue up 2.8 percent to about 7.12 trillion yuan, according to the Ministry of Finance (MOF).
The central government's decision to enable greater participation from entrepreneurs on policymaking will help stabilize market expectations and bolster the private sector, analysts said.
The center, part of the company's Blackmores Institute, is expected to open within the next 12 months and will be developing products exclusively for the Chinese market, the Sydney-headquartered company said.
The children still sleep in their dormitories, attend classes and play with their friends during the day.