South China's Hainan Free Trade Port has inked 35 key investment projects, including eight foreign-funded ones as the province attracts investors at home and abroad with its opening-up.
The nation's city and county-level governments will share 2 trillion yuan ($282.4 million) in funds delivered by central authorities for spending and business rescue packages thanks to a special bailout measure aimed at easing economic shocks from the novel coronavirus pandemic, senior officials and analysts said on Friday.
Although the COVID-19 outbreak has brought challenges for Chinese companies' participation in the global value chain, it has also become an opportunity for various industries to reshuffle, and for related companies to achieve breakthroughs in some key areas.
The COVID-19 pandemic has highlighted the importance of digital economy in restoring economic and social development, creating more jobs and improving people's well-being, Chinese Premier Li Keqiang said on Friday.
China Southern Airlines, the country's largest carrier by passenger volume, added two Boeing 777 cargo aircraft to its fleet and pledged to enhance its cargo capacity via retrofitted passenger aircraft to bolster the country's insufficient airfreight capacity caused by the COVID-19 pandemic.
An international airline company will be created jointly by China Eastern Airlines and its partners to serve the construction of the Hainan free trade port, according to a strategic cooperation framework agreement signed on Saturday.
China may further increase its fiscal budget deficit and adopt more accommodative monetary policies to shore up growth if the economy faces greater uncertainties and renewed downward pressure in the second half of the year, former officials and economists said on Thursday.
Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham
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