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The accessibility and affordability of innovative drugs in China have largely improved, thanks to efforts by the Chinese government, Wu said, believing Chinese companies will play a more important role in those areas in the future.

The adjustment aims to pave the way for innovative red chips who are willing to list on domestic markets, including the main boards, the SME (small and medium-sized enterprises) Board, the ChiNext Board and the STAR market, said the CSRC.

The World Health Organization has said lifting curbs too soon could unleash a second wave of cases.

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The Vancouver city council passed a series of discriminatory laws and policies against Chinese people between 1886 and 1947, including banning certain businesses from hiring Chinese people, restricting Chinese businesses and civil rights.

The West Texas Intermediate for September delivery rose 0.16 US dollar to settle at 69.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.90 dollar to 74.65 dollars a barrel on the London ICE Futures Exchange.

The West Texas Intermediate for September delivery rose 0.16 US dollar to settle at 69.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.90 dollar to 74.65 dollars a barrel on the London ICE Futures Exchange.

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The administrators predicted a more balanced forex supply and demand, noting that the yuan's exchange rate would see more "two-way movement."

The White House has projected a 1-trillion-dollar budget deficit for the fiscal year 2019, the highest since 2012, Office of Management and Budget said in its recently released Mid-Session Review. The federal budget deficit reached 747 billion dollars in the first nine months of the fiscal year, up 23 percent from the previous year.

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The World Food Prize Foundation announced that Cui Zhenling, a research scientist at China Agricultural University, is the 2017 recipient of its Norman Borlaug Award for Field Research and Application on Sept 29 at the residence of the US Ambassador to China in Beijing.

The accelerated growth of money supply and aggregate financing has proved that the central bank was adopting more easing policies to support economic recovery, economists said.