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To give just one idea of women's spending power, 3 million female Tmall shoppers each purchased more than five lipsticks last year, and more than 350,000 female shoppers each bought more than 12 handbags, even though Chinese women earn 35 percent less than their male counterparts, according to a report jointly released by Chinese online retailer Tmall and Kantar Worldpanel, an international company that provides consumer insights.

Tmall Genie is a service-oriented smart assistant that aims to connect different terminals and platforms in the fields of automobiles, real estate, smart homes and hotels.

To ensure stable employment, China has rolled out an array of pro-employment policies for graduates, the redundant, the disabled and migrant workers, while the country's entrepreneurial wave has helped fuel job creation.

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To further boost China's economy, the authorities are nurturing the domestic auto industry's expansion in international markets with supportive measures to enhance their competitive edge, according to industry insiders.

To encourage banks to issue cheaper loans, the central bank may have to reduce the rate of medium-term lending facility (MLF), the instrument through which the PBOC lends money to commercial banks, after the Lunar New Year holiday, said Ming Ming, an economist at CITIC Securities.

To expand their presence in the prosperous Chinese market, global brands need to readjust their business strategies according to the age group's appetite, Wang suggested.

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To further boost cultural consumption and the tourism sector, a State Council executive meeting Wednesday called on local authorities to cut or exempt ticket prices of scenic areas, with nighttime catering, shopping and performances encouraged.

To form an e-commerce service network and help locals get jobs or start up their own businesses, the autonomous region had set up hundreds of service centers in villages, towns and counties by April.

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To date, Fujian's pilot FTZ has attracted 3,891 Taiwan-based and foreign companies, among other world-leading enterprises, including ABB, Shell, and Amazon. Fujian's FTZ is now home to over 80,000 newly set up businesses, with registered capitals totaling 1.8 trillion yuan (1.9 billion) from both domestic and overseas companies.

To draw global talent and facilitate development, China will continue reforming the sector and expand channels for applications, the administration said.