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The approach was underlined by the Government Work Report, delivered by Premier Li Keqiang on March 5, during the first session of the NPC, the nation's top legislative body.

The announcement came during the two sessions, the gatherings of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, one of the country's biggest annual events.

The amount of funds raised illustrates the strong sense of belonging of the people of Jinjiang. Some of the benefactors have established their lives outside of Jinjiang, yet do not hesitate when it comes to making their hometown a better place. The tight bond between the county and its people is one of the secrets of Jinjiang's success over the years.

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The announcement was made to dispel rumors that TikTok Global would have US investors as its main stakeholders and that ByteDance was losing control of the popular social media app.

The agency expects the changes in US and foreign trade policies since January 2018 to reduce the level of real US GDP by about 0.3 percent by 2020, 0.1 percentage point more than the agency expected earlier this year, according to the agency's report "An Update to the Budget and Economic Outlook: 2019 to 2029".

The aim is to remind people of the friendship between China and the US during the war and the contribution of the Flying Tigers in Chinese People's War against Japanese Aggression, according to Xu Shaoli, president of the American Flying Tigers Communication Association.

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The annual policy meeting also vowed to improve the quality and effectiveness of proactive fiscal policy, which should be more sustainable. It also stressed that the government's spending should be maintained at a proper level, and financial support for significant and strategic projects in the nation enhanced.

The analyst from iiMedia said the mapping industry should become more refined and globalized to serve more targeted groups of consumers including foreigners.

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The amendment has raised the threshold of personal income tax from 3,500 yuan to 5,000 yuan per month. The revision is seen as the most significant such breakthrough in the past 38 years. It can be expected that the majority of the existing individual income tax rules and regulations will be reviewed and modified according to the new law.

The amendment document signed in November introduces new liberalization measures in several important services sector such as financial and legal services by making it easier for Hong Kong service providers to set up enterprises and develop business on the mainland.