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The country has introduced a slew of tax-reducing policies for small and micro firms since the beginning of this year, and more are expected to come in the second half.

The country has also logged 1,720,613 cases of the virus, far more than any other nation, the tracker kept by the Baltimore-based university showed at 8:30 pm on Thursday.

The concept was greeted enthusiastically by both Chinese and American participants at SXSW, a 10-day event (March 8-17) combining conferences on topics such as emerging technologies, film and music from the US and around the world.

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The consumer price index (CPI) slid 0.1 percent last month after dropping 0.8 percent in April – the largest decline since 2008.

The country saw a total of 2.27 million vehicles sold in September, up 16 percent month-on-month, while production rose 11 percent to 2.21 million units, data from the China Association of Automobile Manufacturers (CAAM) showed.

The contractor has already started constructing offices and residential buildings for project staffers. "Once the monsoon ends, construction work will begin by using heavy equipment," said Gerry Yang, representative from the contractor.

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The country will considerably liberalize market access for foreign investment, further facilitate overseas capital inflows and offer favorable policies to such investment in the west, central and northeast China regions, said an official on Tuesday.

The council is expected to also revise Japan's basic defense plan later this year to update the missile defense program and scale up the country's defense posture.

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The country is a haven for businesses from all over the world, and this openness and willingness to work with diverse nations is something that the RDIF (Russian Direct Investment Fund) and Russia are putting into practice.

The contract is a testimony to the strong capability of China's shipbuilding industry and will support the transformation of advanced marine equipment manufacturing, said a statement from CSSC. The company, however, did not disclose the exact number of ships it would build for Qatar Petroleum.