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The latest data showed that the Beijing-based company has over 500,000 shared houses in its platform, which covers 650 cities and destinations across the world.

The launch came as Wanda Film is seeking ways to reverse its fortunes after it saw net profit drop by 57.25 percent year-on-year to 829 million yuan (8.68 million) for the first three quarters of the year.

The issue has been a controversial one for Amazon.com, with the company facing other tax battles in states such as Tennessee, South Carolina, California and Texas. Amazon.com pulled out of Illinois in March.?And it not alone in its fight. Overstock.com just pulled out of Connecticut last month over similar issues, according to TechCrunch.

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The latest draft revision of the Securities Law will set the legal basis for registration-based reform across the whole A-share market, an indication that deeper market-oriented reforms are in the pipeline, experts said on Monday.

The key initiatives, especially pursuing productivity-focused, domestic demand-driven sustainable growth, a focus on technology localization, moving up the value chain, market opening-up, domestic circulation, urbanization and green economy, rely on comprehensive coordination of macroeconomic policies, said experts.

The larger-scale tax cut in 2019, according to officials from the Ministry of Finance, will especially support small and micro businesses and deepen value-added tax reform.

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The joint venture is also an example of how international companies are adjusting their strategies in China, where State-owned enterprises are embracing homegrown IT products amid increasing concerns over cybersecurity.

The invitation was delivered by Kim Yo Jong, the younger sister of the DPRK leader who came to the ROK Friday and met with the ROK president at the Blue House.

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The internationalization of the renminbi and the establishment of the AIIB (Asian Infrastructure Investment Bank) have also demonstrated China's success in today's global economic environment.

The investment will be made to prop up infrastructure construction projects concerning transport and gas, while roads and water facilities for designated schools and hospitals will be supported.