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New shares are subject to official approval under the current IPO system, which is gradually switching to a more market-oriented system from an approval-based one.

New technologies and equipment are encouraged to be used to develop new business mode in logistic industry. [Photo/VCG]

Newsom also scolded PG&E's preemptive shutdown of power that affected about 1.5 million residents.

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Newly built residential districts should have a piece of land designed for service facilities for seniors, and the insufficient existing facilities need to be optimized to satisfy the needs of elderly people, according to a guideline released by the Ministry of Natural Resources on Thursday.

Night view of the Bund, one of the major tourist attractions in Shanghai, is seen in this file photo. [Photo/sipaphoto.com]

Ngapo Jinyon, chairman of the Tibet Federation of Industry and Commerce, said the key projects signed during the expo are categorized mainly among tourism, green industry, modern services and border trade.

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New situations and new problems emerging in practice should be treated in a correct and reasonable manner, Xi said, adding ways must be found to solve the problems.

Niu Li, deputy director of the economic forecast department of the China Information Center, said that the current tax rate for Chinese enterprises is still high and needs to be further reduced or it might curb their investment in the near future.

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New-energy vehicles, industrial robots, solar power and integrated circuits outshone most other industries in terms of output while heavy industries like the mining and cement sectors saw their output either decline or grow slowly.

Nick Wingfield at the Times writes: