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The report is another show of strength for these tech giants, a couple of which are approaching other financial milestones. Amazon stock crossed the ,000 per share threshold briefly?on Tuesday, and Google parent company Alphabet has been flirting with that distinction as well.

The report also said the China-proposed Belt and Road initiative to rebuild the ancient Silk Road trading route could prove to be a win-win situation for both China and Africa.

The regulation was revised after five years, specifying that abandoning pet dogs was illegal. Violators would face fines of between 500 yuan and 2,000 yuan, their dog registration certificates would be revoked and they would not be allowed to apply for another certificate for five years.

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The report suggested the government continue to reduce corporate debt and restructure State-owned enterprises, tighten the regulation of shadow banking and address rising household mortgage debt in order to encourage growth while implementing reform.

The report published Thursday by the accounting firm PwC, also known as PricewaterhouseCoopers, said 482 real estate merger and acquisition deals were recorded in China last year, up 6.4 percent year-on-year, and major real estate developers continued to grow rapidly in 2017 as industrial concentration intensified.

The regulation regarding medical services in Shenzhen, which took effect at the beginning of last year, makes it clear that medical institutions and doctors should bear different levels of responsibility for medical accidents.

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The report showed that 1,290 PE/VC deals were clinched in the third quarter of 2018, while in the fourth quarter, the number of PE/VC deals in TMT sectors dipped to below 600, as overall PE/VC investments plunged.

The report said many workers who have established families have high expectations for the special deductions.

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The remaining two spots in the top five were Air China and the Bank of China, which replaced ZTE, a major telecommunications company, and Haier, the survey showed.

The regulations focus on solving problems and tightening the institutional controls on prominent issues concerning Party self-governance, it added.