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Over the weekend, Forbes reported that White House economic adviser Larry Kudlow said the United States would lure its companies to move back from China "with full, immediate expensing". Japan also announced that it would spend up to .2 billion to move some Japanese firms' overseas plants either back home or to Southeast Asian economies.

Out of its cocoon

Over a quarter-century later, the 59-year-old Tao doesn't remember how many trees she and her sisters planted in barren areas. But a forest of Australian pine trees that covers an area of 1,254 hectares now stretches along Qizi Bay and has become part of the natural attraction of the region.

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Over the next three years, real-time baggage tracking will become a new and common feature for passengers to identify where their bags are by checking the status on their mobile phones, the International Air Transport Association said.

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Overseas nongovernmental organizations have set up 524 representative offices on the Chinese mainland, with about 2,400 programs underway according to the Blue Book of Philanthropy released on Sunday.That was a significant increase compared to 2017, when 305 representative offices were present at the end of the year, according to the Ministry of Public Security. The report, jointly released by the Chinese Academy of Social Sciences, Social Sciences Academic Press, and Lingshan Charity Foundation, said overseas NGOs are becoming an important driving force behind China’s fast-growing charity sector. The report noted Beijing was the most favored registry location, with 165 such offices. Shanghai followed with 105 offices, alongside 37 in Guangdong, 28 in Yunnan and 24 in Sichuan. The five provincial-level regions together are home to more than 68 percent of all offices. More than 40 percent of overeseas NGOs operating on the mainland are engaged in commerce, followed by those in education (9.9 percent), civil affairs (8.4 percent) and health (6.9 percent) sectors, it added.

Over the recent weeks, Washington has ratcheted up pressure against Tehran with a series of sanctions, designations and military threats, following Washington's year-long campaign against Iran after US exit from the landmark Iran nuclear deal in May last year.

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Over the past 20 years, the successful practice of the "one country, two systems" in Hong Kong has won global recognition, said Xi, also general secretary of the Central Committee of the Communist Party of China and chairman of the Central Military Commission.

Overall, forecasts are in line with official data that profits of major industrial firms surged 21.6 percent in the first eight months, up from 8.4 percent during the same period of 2016.