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Such a pursuit comes as an interesting echo with ZhongAn's endeavor. The insurer, backed by the "three Mas" — Alibaba's founder Jack Ma Yun, Tencent's Pony Ma Huateng and Ping An Insurance Chairman Ma Mingzhe — has built up its reputation from the insurance business.

Steven Li, Head of Eastern Africa Mobile said the device is a 4G enabled budget phone that will be retailing at 9,990 shillings () in retail stores across the country, operator shops and Jumia online stores.

Such strengthening of supervision will be a long-term measure, he told China Daily. "Local governments should adapt to long-term strengthening of oversight."

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Streamlined procedures will be available to companies, with license application and government approval not required for industries that are not prohibited by law or mandatory standards.

Still, they have stood their ground in the face of escalating violence. But they are not alone. Tons of people, from Hong Kong and other regions of China have also been showing their support.

Such a transformation will call for more digital technologies professionals, especially those with expertise in both technologies and management, who are in relative shortage in the labor market, said Bai.

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Strong-performing renminbi provides window of time for forex regime reform

Strong commitments from policy makers also include a sizable fiscal expansion plan, and Morgan Stanley economists expect that in the G4 economies plus China, the combined primary fiscal balance will rise by 280 basis points or by .7 trillion. The G4 and China deficit will reach 6.9 percent this year, higher than the post-crisis rate of 6.5 percent in 2009.

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Such growth came after the issuance of a guideline by the State Council last October on boosting the investment in nine kinds of infrastructure facilities including railways, highways and waterways, airports, water conservancy, energy and environmental protection as well as infrastructure conducive to agriculture and rural development.

Su Ge, president of the China Institute of International Studies, said the world economy is recovering slowly and with great difficulty, so better global governance is required.