New-generation AI development strategy research institute to be jointly created -- Tianjin Municipal People’s Government and the Chinese Academy of Engineering has signed a cooperation agreement to jointly establish new-generation artificial intelligence (AI) development strategy research institute, the Xinhua-run Shanghai Securities News reported on July 17.The institute shall be committed to bringing forth solutions and industrial reform measures for the development of China’s new-generation AI technology industry.
China's environment ministry earmarks RMB 300bln for water pollution prevention and control -- China’s Ministry of Environmental Protection (MEP) recently issued a list of central repository projects for water pollution prevention and control 2017, which provides for the overall implementation plan for prevention and control of water pollution in 228 cities, such as Lanzhou City in northwest China’s Gansu Province. It involves more than 3,300 engineering projects and has a total investment of about 300 billion yuan.
Top political advisor urges concerted efforts to boost private economy -- China's top political advisor Yu Zhengsheng July 18 called for the building of better government-business relations to boost the country's private economy. Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks while presiding over a symposium on private economy in Beijing.
Supply-side structural reform sustains China's growth -- China's ongoing supply-side structural reform is creating positive effects for economic growth, said a senior official on July 18. Thanks to supply-side structural reform, the interaction of supply and demand in markets has improved significantly in the first six months, said Yan Pengcheng, spokesperson with the National Development and Reform Commission (NDRC) at a press conference on July 18.
China eyes broader cooperation with central, eastern European countries -- Senior Communist Party of China (CPC) official Liu Yunshan said on July 14 that China and Central and Eastern European (CEE) countries should further broaden cooperation under the framework of the Belt and Road Initiative. Liu, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks in a keynote address at the China-CEE countries political parties dialogue.
New committee to coordinate financial reform, regulation: central bank official -- China's newly announced cabinet committee on financial stability and development will mainly be responsible for the coordination of the country's financial reform, development and regulation, according to a senior central bank official. To make regulation more effective, the new regulatory body will work to ensure coherence between China's monetary, fiscal and industrial policies, Lu Lei, head of the financial stability bureau of the People's Bank of China (PBOC) told the People's Daily, a leading newspaper in China. China announced that it will set up a committee under the State Council to oversee financial stability and development during a two-day National Financial Work Conference that ended on July 15.
Beijing eases oversight of some investments overseas -- China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year."Regulatory authorities will continue to pay close attention to overseas investment in key industries such as property, hotels, entertainment, cinemas and sports clubs," said Yan Pengcheng, spokesman for the National Development and Reform Commission.
China launches demonstration areas to boost Made in China 2025 -- China is buttressing the Made in China 2025 strategy with new national-level demonstration areas to spur the development of smart, green and service-oriented manufacturing. One focus is to foster the development of emerging industries and upgrade traditional sectors by furthering the integration of manufacturing sector and the internet. Market-oriented reform, supporting policies will be rolled out to ensure that businesses of all origins can receive the same national treatment.
China, Timor-Leste sign agreement on economic and technological cooperation -- Chinese Ambassador to the Democratic Republic of Timor-Leste, Liu Hongyang and Minister of Foreign Affairs and Cooperation of Timor-Leste, Hernani Coelho, officially signed an agreement on economic and technological cooperation on July 13. The move is aimed at facilitating cooperation between the two countries in the fields of healthcare and education.
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