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The project is expected to improve regional transport, enhance emergency response support and boost regional economic development.

The project has also helped a lot in addressing the excessive exploitation of underground water, a problem that has been lingering for years, the ministry said.

The property and financial sectors may also be indirectly affected, as property sales may fall in the first quarter and the epidemic may cause fluctuations in the capital markets and magnify financial risks.

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The producer price index, which measures costs for goods at the factory gate, climbed 6.3 percent year-on-year, compared with a 1.4 percent drop in 2016, ending the declining trend during the past five years.

The price drops from about 50 yuan (.44) to 10 yuan per avocado on the domestic retail market in China. [Photo/VCG]

The production of electricity with renewable energy is part of the strategic projects of authorities in the Cuban energy sector to save fossil fuels and reduce its dependence on imported oil.

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The professor noted that many issues are troubling developed economies as well as emerging economies in the Asia-Pacific region and upholding multilateralism is the key to addressing them.

The program at the Civic Square included, among others, Kun opera, dancing, musical performance and Chinese martial arts.

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The program is funded by the Belt and Road Fraternity Fund, which was launched by the Red Cross Society of China in May. The fund aims to boost humanitarian activities and cooperation in countries involved in the Belt and Road Initiative.

The project's construction began in March 2018 and the first photolithography machines went into the factory in June 2019. Wuxi will become one of the most advanced IC production line-intensive areas in China, local media reported.