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The moves are aimed at preserving the fruits of yearslong relocation efforts and closing the rural-urban gap in access to services, Sun told a news conference held by the State Council Information Office in Beijing.

The move promises to shift focus from government-to-government engagement in multi-billion infrastructure projects to private-to-private businesses that will sustain the implementation of the ambitious project, said Ngari. The chief executive revealed that this financing will be available to Chinese businesses investing in Africa and, in particular, Kenya.

The moment is challenging for Pelosi as well. For months she has been promising a COVID relief package of more than trillion stuffed with Obama-era stimulus ideas. Even though the Senate and White House are both in GOP hands－and will be at least into January－she has sharply rebuffed anyone who suggests that Democrats should take a smaller deal now rather than risk going home empty-handed until next year.

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The move came after the Beijing-based startup signed up with National Electric Vehicle Sweden AB, which bought the assets of bankrupt Saab Automobile AB in 2012, to jointly develop EVs.

The most popular destinations for car rentals are Sanya in Hainan province, Chengdu in Sichuan province and Shanghai, respectively.

The move to cut the RRR by 50 basis points will inject around 800 billion yuan (4.75 billion) into the market, which will absorb impacts from factors including maturing reverse repos, the People's Bank of China said on its website.

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The move continues the Seattle-based company’s pattern of buying companies that differ from itself, either culturally or in their business model. Past examples include online shoe specialist Zappos and?daily deal site Woot.com, both of which have also continued as standalone sites.

The names of the newborns were also made public for the first time. The older cub, "reganmian", is named after a traditional snack in Hubei province, literally translated as hot dry noodles, while the younger is dubbed "danhonggao", a traditional snack made from eggs in Sichuan province.

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The moves "send a strong message of China deepening reform and opening-up", the statement said.

The move by the State Council highlighted the government's intention to help disadvantaged groups and industries gain funding at affordable costs and address poverty and social inequality while carrying out structural reforms to upgrade the economy, analysts said.