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The instructions were given at a meeting of the leading group of China's COVID-19 epidemic response, which was chaired by Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee.

The interest rate of new loans to small businesses with a total credit line of up to 10 million yuan was 6.75 percent in the first three quarters, down 64 basis points from the average lending rate for small businesses last year. The nonperforming loan ratio for such loans was 3.56 percent at the end of the third quarter, dropping 19 basis points from the end of the first half of this year.

The huge challenges Hong Kong faces explains why HKSAR Chief Executive Carrie Lam Cheng Yuet-ngor spelled out the latest policy blueprint for the city in an unusually lengthy policy address.

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The idea of a new disputes settlement mechanism in China for cross-border transactions is currently a hot topic in academic and legal circles, according to Ren.

The index is used to measure the level of anxiety among traders in financial markets and stood at just under 13 on May 3, the last trading day before the US administration's threat to raise tariffs on Chinese imports.

The initiative has partnered more than 600 stores at a dozen retail firms in 45 cities, including catering chain Xibei Restaurants, leading hotpot chain Xiabuxiabu and convenience store chain Bilibee Chain Commerce Co, to share information on green lifestyles, low-carbon products and sustainable consumption between June and October.

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The injunction will be effective until next June 30.

The industry also saw a decline in the performance of steel enterprises.

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The hurricane, which was downgraded Monday morning to Category 4, packed maximum sustained winds of 145 mph, the NHC said.

The influence of translated books, taking up 24 percent of the total, was also highlighted in the annual report.