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Yun also breached relevant rules by engaging in businesses, accepting gifts and money, seeking profits from state-owned resources, and helping relatives to run businesses, the investigation found.

Yun Sun, co-director of the East Asia Program and China Program director at the Henry L. Stimson Center, said that rumors about Chinese students' visas being put under stricter review have caused concern.

Yu Shaohua, a researcher of Korean Peninsula studies at the China Institute of International Studies, said efforts to prevent the situation from deteriorating should be balanced, with all related parties playing their proper roles.

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Young Southampton fans in the stands react during a game. JOHN WALTON / FOR CHINA DAILY

Yet for any country at such a development stage there is a worry that it could fall into the "middle-income trap," meaning that growth could stagnate as the country no longer enjoys low-cost labor as a competitive edge and has yet to develop enough innovation to catch up with the high-income countries.

Your Excellencies Heads of State and Government,Heads of International Organizations,Ministers,Incumbent and Incoming Members of the Board of Directors of the Boao Forum for Asia,Distinguished Guests, Ladies and Gentlemen,Friends,

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Yi Gang, the central bank governor, has said several times that the PBOC has ceased direct intervention in foreign exchange markets, and the performance of RMB is addressed mainly by market forces.

Yu Yong (second from right, front) and other new officers and members of the executive committee of the World Steel Association. [Photo provided to chinadaily.com.cn]

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You can watch the full segment here. Bezos later appeared on 60 Minutes in 2013, talking about the company’s drone delivery program. Since its humble days as an online bookseller, Amazon has grown into so much more?— these days, it’s a powerhouse in entertainment, cloud computing, devices and logistics, and various other verticals.

Yiwu, dubbed the "World's Supermarket," receives more than 550,000 overseas buyers and sells commodities to more than 210 countries and regions every year.