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The city government has set up a fund of 500 million yuan, dispensed from 2018 to 2020, to help petrochemical companies relocate to new industrial parks.

The central government has earmarked more than 1.4 trillion yuan (5 billion) this year for healthcare, Song Qichao, deputy director of the Ministry of Finance's Social Security Department, said at a joint news conference on Thursday with the National Health and Family Planning Commission.

The city's industrial restructuring and its favorable policies to boost the business environment bolstered the confidence of foreign companies.

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The central bank announced a steep cut last month in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth.

The chairman of Tsinghua Holdings, the technology investment arm of China's elite Beijing university, said it was important to combat fears that the so-called Fourth Industrial Revolution could lead to mass unemployment within a decade or more.

The city's five-year development plan for boosting its emergency rescue network states helicopter aprons will also be constructed at hospitals, government buildings, railway stations, major shopping plazas, scenic spots, bus terminals, stadiums and highways by 2020.

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The central bank has vowed to pursue a "prudent and neutral" monetary policy in 2017, promising better adjustments to ensure stable liquidity.

The city's Party chief, Li Hongzhong, and Mayor Liao Guoxun quickly went to the site to oversee rescue work and ensure priority was given to saving people's lives, according to Tianjin Daily's Wechat public account. They stressed paying close attention to renovation security and continuing the investigation.

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The challengers had argued that the policy was motivated by enmity toward Muslims and urged courts to take into account Trump's comments during the 2016 presidential campaign. Trump as a candidate called for "a total and complete shutdown of Muslims entering the United States".

The central SOEs' combined profits stood at 438.55 billion yuan in the first half of the year, down 37.7 percent year-on-year, narrowing by 12.6 percentage points compared with the decline in the first five months.