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Such moves come as China makes strides in the industrial internet sector. According to a report released by the China Academy of Information and Communications Technology, China's industrial internet market will grow steadily at a compound annual growth rate of 14.4 percent over the next two years to exceed 900 billion yuan (6.9 billion) in 2022.

Stephen S. Roach, a senior lecturer at Jackson Institute of Yale University, said those concerns were "overblown".

Such a mode comprises the optimum exploitation of domestic market resources and exchanges between the domestic and international markets, he said.

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Such efforts also come amid renewed competition in China's ride-hailing market. A string of traditional automakers such as BMW AG and China's largest carmaker, SAIC Motor, are entering the sector, in the hope of opting for diversified revenue streams.

Such a smear by Hong Kong-based anti-China troublemakers shows a gross disregard of Hong Kong residents' safety and health and is malicious, said a spokesperson for the Hong Kong and Macao Affairs Office of the State Council in a statement.

Stressing that over-eating may lead to obesity or acute gastric dilation, Wei Hongtao, a physician at the Beijing Friendship Hospital said such gluttony videos will not only bring irreversible harm to the anchors but also mislead the audience.

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Strengthening banks' capital is a fundamental condition for the financial sector to support the real economy, Pan said. The introduction of perpetual bonds is beneficial in expanding channels for banks to add to their capital, improving the capital structure of China's banking industry and enriching investment products on the bond market, he said.

Stress of lockdown

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Still, tests are progressing rapidly. The PBOC stated that digital currency will mainly replace notes and coins in circulation, and will adopt a two-tier operating system.

Su Quanke, chief engineer of the Hong Kong-Zhuhai-Macao Bridge Authority, the operator of the bridge, said the structure will play a major role in China's development blueprint.