Xu Gao, chief economist at BOC International, said interest rate cuts also could be used by China to boost the economy. Local government financing platforms could play a bigger role in functioning as a quasi fiscal tool, he said.
Xpeng's P7 sedan, which is a rival of Model 3, is expected to hit the market later this year with a presale price starting from 240,000 yuan.
Xiaomi has also become the top seller of phones in India, in part by opening hundreds of stores in rural areas, the US media added.
Xiaogang occupies a special place in China's agricultural history. In November 1978, when a collectivized farming policy had been in place for 20 years, 18 locals secretly signed an agreement to subdivide their common farmland into family plots to boost efficiency and increase yields.
Xinjiang has published translations of the religious classics of Islam, Buddhism, and Christianity in multiple languages, it said, adding 1.76 million copies of the Quran and Selections from Al-Sahih Muhammad Ibn-Ismail al-Bukhari have been printed and distributed.
Xie Duo, Party secretary and chairman of Silk Road Fund Co., Ltd, briefed on the issue and made suggestions.
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Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during an inspection tour in East China's Shandong province from June 12 to 14.
Xiong said market mechanisms should play a larger role to make the most of natural gas transmission and sale networks.
Xiaomi is already working hard to reduce its reliance on China, with the nation leading the global decline in smartphone shipments. In 2018, Xiaomi earned about 40 percent of its total revenue from outside China, compared with 28 percent in 2017.
Xiongan will also encourage private financial institutions based in Beijing to expand into the new area and will build a college to train high-quality professionals to work in the capital market, the guideline said.