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The Ministry of Finance is planning to promote a pilot program this year to strengthen local governments' budget management related to land transactions. That is a measure to curb the growth of local hidden debts, according to an official familiar with the matter.

The Ministry of Industry and Information Technology, China's top industry regulator, said on Tuesday that it will step up efforts to facilitate companies to resume production, as part of the country's broader push to maintain economic stability amid the novel coronavirus outbreak.

The New York Post reported that property sales in Long Island City shot up by 30 percent last month compared with the same period last year.

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The PBOC issued a document on Tuesday lowering the rural commercial banks' RRR to 8 percent by July 15, through three cuts of 1 percentage point each every month starting from May. The released funds need to be used for lending to private and small companies, the document said.

The NPC deputies said the decision is a "very necessary and timely" move and, from a legal point of view, the use of legal methods to maintain national security is beyond reproach for any country.

The National Bureau of Statistics is scheduled to release the country's key economic data, including wholeyear GDP growth, industrial output, fixed asset investment, and retail sales, on Thursday.

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The NPCSC also has the authority to interpret the HKSAR Basic Law and to handle any constitutional problems arising from the implementation of the HKSAR Basic Law, the spokesman said.

The National Development and Reform Commission said in an announcement released on Wednesday that a thorough investigation will be conducted to deter risks of paying principal or coupons of corporate bonds.

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The Nigerian is one of an increasing number of consumers worldwide wearing wigs made by Chinese producers, many of which can be traced to Xuchang, a city in Central China's Henan province.