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The city is an "ideal place to focus on research and innovation "because it is highly market-oriented and has a culture of encouraging trials and tolerating errors.

The choice seems easy enough since there would be no downside to choose the investment that generates "shared value" for the investor, the target and society as a whole. Surprisingly, very few investors actually make this choice or even consider it, despite a rather impressive pile of evidence that forward-looking impact investing generates the same or even greater (or more stable) returns over the long term than investments based solely on past performance. This is particularly true in Asia.

The charity store on Fuzhou Road near the Bund in Shanghai's Huangpu district is operated by the country's first online-to-offline charity market website Buy42. [Photo by He Qi/chinadaily.com.cn]

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The central government has ordered the governments in all seven places to submit plans to rectify the problems revealed in the inspections.

The center received a total of 1,750 orders for its embroidery products last year, which were worth more than 1 million yuan (9,500).

The chief executive of the Hong Kong Special Administrative Region designating judges to handle cases dealing with the offense of endangering national security has no effect on the independent exercise of judicial power by courts and judges, a senior lawmaker said on Wednesday.

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The central government proposed an annual defense budget of about 1.27 trillion yuan (8 billion), a 6.6 percent rise on the last budget. The budget's growth rate is the lowest since 1988, when a 3.81 percent increase was proposed.

The city is also actively promoting the deep integration of 5G with other technologies and products to build a sound and competitive cluster of 5G industry, he added.

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The circular urged flood control authorities to ensure "zero casualties" and to minimize economic losses.

The center said the cold air penetrated further to affect southern parts of the country on Thursday, resulting in a temperature decrease of up to 12 C.