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Geng said over the past two decades, the policies of "one country, two systems," "Hong Kong people governing Hong Kong," and a high degree of autonomy had been implemented in effect.

Given that half of VAT revenue goes to local governments, Moody's estimated their VAT revenue may decline by 300 billion yuan (.71 billion) to 400 billion yuan this year.

German insurer Allianz Group has gained permission for the preparatory establishment of a foreign insurance holding company in China, according to a statement released Sunday by the China Banking and Insurance Regulatory Commission (CBIRC).

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Given the size of this population, they shouldn't become a vulnerable group in the information technology era, says Zhu Tao, a researcher with the National Institute of Social Development under the Chinese Academy of Social Sciences.

Given the size of this population, they shouldn't become a vulnerable group in the information technology era, says Zhu Tao, a researcher with the National Institute of Social Development under the Chinese Academy of Social Sciences.

GeekWire managing editor Taylor Soper contributed to this report.

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Given the complexity and volatility in the international situation, it is all the more important for China and the EU to stand firmly together, jointly advance mutually beneficial cooperation toward higher level and better quality for the benefit of both peoples, and make even greater contribution to world peace and common development.

GeekWire Managing Editor Taylor Soper contributed to this story.?

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Geraci, an economist, said in an email interview that Italy can work with China to improve African economies because the two countries have complementary skills.

Given the shortage of talent in Hong Kong, the quota of 1,000 is a good start, according to Lee George Lam. "But the most important thing is to have successful applications as soon as possible, so entrepreneurs will realize how effective the program is," he said.