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In pursuit of economic diversity, Lam encouraged the people of Hong Kong to join in the national-level Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development plan and take advantage of opportunities they present.

In recent years, the cooperative's businesses have expanded and become more prosperous. This has benefited villagers who lend land to and work for the cooperative.

In the "new era," instead of high GDP growth, China will pursue fairness and common prosperity, support underdeveloped regions and speed up technological innovation and industrial upgrading, according to Jiang Chao, chief economist at Haitong Securities.

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In recent years, it has become a popular destination for tourists from home and abroad.

In terms of the insurance sector, the regulator said it will issue a notice on lifting restrictions on the business scope of foreign insurance agencies. It will also raise the limit on foreign ownership to 51 percent for foreign life insurance joint ventures and remove the cap three years later.

In the "new era" spawned by the Belt and Road Initiative, everything is considered a project that needs to be managed well. The scale of projects in China, as well as those of Chinese companies operating abroad, is unprecedented, said Prashara.

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In some cases, companies appear to be keen on a buyback as their share prices seem undervalued, and they wish to provide investors with a decent return on their investment.

In response to the Nov 25 action, Chinese Foreign Ministry spokesman Zhao Lijian said the decision clearly violated the market principles and rules of the World Trade Organization, and seriously affected the legitimate rights and interests of Chinese enterprises.

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In terms of passenger vehicles, 2.08 million units were registered as selling in November, up 8 percent compared to last year.

In recent months, US production fell but not enough to compensate for the oversupply, which drove prices lower.