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BEIJING, June 6 (Xinhua) -- Thirty-four Chinese centrally-administered state-owned enterprises (SOEs) inked 72 investment deals with the virus-hit Hubei Province earlier this week, according to the state-owned Assets Supervision and Administration Commission (SASAC) of the State Council.

HONG KONG, June 15 (Xinhua) -- Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam said Monday that the national security legislation will help restore stability in Hong Kong, and protect the life and property, basic rights and freedoms of the overwhelming majority of residents.

China, he added, will stay committed to further opening up to and expanding cooperation with the rest of the world, and continue to create a favorable environment for German enterprises to increase investment in China.

The projects are expected to increase the storage capacity for flood control by 9 billion cubic meters and the annual water supply capacity by 42 billion cubic meters, said Su Wei, an official with the NDRC at a briefing.

China has decided to cut taxes and fees by another 2.5 trillion yuan (about 354 billion U.S. dollars) for enterprises this year. As the move might put local governments under financial strain, the country will grant a total of 2 trillion yuan of fiscal funds to ensure the implementation of these supportive measures at the primary level.