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In the latest effort to improve city street management, the Beijing government is encouraging local companies and residential communities to share their parking spaces based on their needs at different times of the day, according to a recent statement released by the capital's transport commission.

In the past few months, Chen visited nearly all the brick-and-mortar businesses in Huangshi. Over 300 of those enterprises, which included hotels, restaurants and grocery stores, have been digitally upgraded with the guidance of his team, he said.

In the past few years, the commercial space sector has come alive in China as private companies jostle for launch dates.

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In the short term, the expanded visa restrictions will make it harder for Silicon Valley companies to fill tech positions that were vacant before the coronavirus pandemic, said Leroe-Munoz. "In the long term, tech companies in the region will be faced with reduced opportunities for innovation, as smart, hardworking immigrants relocate to other countries and compete against American businesses."

In the past, farmers in the village have long followed the traditional farming methods, mainly planting wheat and field corn, with low yielding rates.

In the medium term, continued financial reform and more opening-up measures could boost capital inflows, said Lillian Li, a vice-president at rating agency Moody's.

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In the second epsiode of a two-part video series, Lee, chairman of financial conglomerate Tung Tai Group and a former independent non-executive director of Hong Kong Exchanges and Clearing Ltd., cautioned that sanctions over the issue will draw countermeasures and hurt the interests of the US.

In the third quarter, industrial capacity utilization stood at 76.8 percent, flat with the previous quarter and 3.6 percentage points higher than the same period last year, the NBS said.

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In the meantime, he remains encouraged that Anhui will benefit from being a part of the Made in China 2025 strategy, which he believes could add impetus to the inland province.

In the next five years, the industry federation will do its utmost to strengthen cohesive affinity, influence and execution while taking the initiative in leading nonpublic businesspeople to render patriotic dedication, legal operations and innovation, according to Wang Qinmin, the federation's chairman.