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The annual M2 growth target of 13 percent is no longer unbreakable if the policy priority has shifted to curb financial crisis, he said.

The ambassador made the comments in an online discussion on COVID-19 with Stephen Green, a member of the UK's House of Lords and chairman of the London-based public policy center Asia House.

The amount of tax to be paid for some special industries, including car-washes, golf courses and ski resorts, will be set at a much higher level.

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The approach was underlined by the Government Work Report, delivered by Premier Li Keqiang on March 5, during the first session of the NPC, the nation's top legislative body.

The agreement allows the PBOC and the Reserve Bank of Australia to swap 200 billion yuan (.8 billion) for 40 billion Australian dollars, according a statement released by the PBOC.

The appointment was approved by the Central Committee of the Communist Party of China.

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The allegations against McCarrick, whose fall from grace stunned the US Church, date back decades to when he was still rising to the top of the hierarchy there.

The announcement came after homebuyers flooded into the quiet, less developed area in Hebei province over a couple of days after the central government announced on Saturday its decision to choose three counties－Xiongxian, Rongcheng and Anxin－as the location of the new area to solve pollution and congestion problems in the capital.

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The agents and dealers also said in a joint statement on Tuesday: "This acquisition represents a market-driven investment made to save Honor's industry chain. It is the best solution to protect the interests of Honor's consumers, channel sellers, suppliers, partners and employees."

The agreement comes at a time when commercial cars are growing fast in China. A total of 3.07 million vehicles were sold from January to September this year, up 17.9 percent year-on-year, 13.4 percentage points higher than the average of the auto-motive market, according to the China Association of Automobile Manufacturers.