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The government is working to channel funding to small and micro businesses and the rural sector, which are usually less favored by banks due to higher credit risks than state-owned giants and other sectors.

The government this month outlawed the video-sharing platform, and 58 other Chinese apps, citing data security fears.

The government has also promised to continue cutting red tape and giving full play to the market. In the first three quarters, the number of businesses registered each day stood at 16,500, up from 15,000 in 2016.

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The government expects the annual output electric vehicles produced to hit 2 million in 2020, and their sales to make up 20 percent of the overall auto market by 2025.

The girl, nicknamed Saybie by hospital staff, was born 23 weeks and three days into her mother's pregnancy at Sharp Mary Birch Hospital for Women and Newborns in San Diego.

The frictions have injected negative sentiment into the market, evidenced by recent stock market weakness and record-low growth in fixed asset investment, experts said.

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The general price level is stabilized. In the first couple of months, the government managed to bring the prices under control with consumer price index (CPI) slightly rising 1.4 percent year-on-year, according to the statistics office.

The government capacity cuts campaign and stricter regulations have steered the bloated steel and coal sectors towards more balanced growth, with industrial prices rising steadily last year.

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The government will expand the scope of mixed-ownership reform in key areas, establish a group of State-owned capital investment and operation companies, and continuously promote the professional integration of SOEs in power generation, nonferrous metals, steel, offshore engineering equipment, environmental protection, duty-free goods and other fields this year, according to SASAC.

The founder of the social media giant publicly apologized for his company's errors in failing to better protect the personal information of its millions of users, a controversy that has brought a flood of bad publicity and sent the company's stock value plunging. Facebook shares, did, however increased 4.5 percent on Tuesday, their biggest gain in two years.