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Nichole Soo, general manager of Huacai Jetpon Marina Club, said changes in the approval of visits by overseas yachts will help Hainan brighten its reputation as a yacht tourism destination. The club, which opened in July, has 68 specially built berths covering 36,440 square meters for luxury yachts.

North China, including the Beijing-Tianjin-Hebei area, has been hit by high temperatures over the past few days and the heat will last until the weekend, according to the National Meteorological Center.

Ni said it has been a good year for VC and PE investors to cash out through initial public offerings and said these investors have supported two-thirds of the total 287 IPOs both at home and abroad, up 60.5 percent year-on-year.

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Nonetheless, analysts expected that China will accelerate the reform of the SOEs in the coming months and more restructuring deals can be expected.

Nick Hazell, the chief executive of v2food, said that the venture was born out of necessity because of the global increase in meat consumption.

Ningxia, which has the third-smallest GDP in China, has in recent years become known for its burgeoning wine production. The region has close to 60,000 acres of vineyards, which is more than double what it had in 2000.

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New look of pop idol Kris Wu. [Photo/Official Weibo account of Elephant Kingdom]

No central SOE will be allowed to delay rent cuts for such tenants under any circumstances.

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Nine restaurants, including two branches of Xinya Dabao, were blacklisted for not changing the cooking oil regularly.

New residential housing prices in first-tier cities declined last month in comparison to December, and the growth of the second-hand home prices also went down 0.5 percentage point.