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The recent drought also caused a rat plague, as the rodents are more adaptable to dry weather. The plague has threatened more than 4 million hectares of grassland in the region.

The purported draft said private companies and companies rated AA-or lower would be barred from issuing corporate debt, and issuers with AA+ or above would be encouraged.

The protesters were taking part in a march – from Shui Pin Tsuen Playground to Yuen Long MTR station – which was banned by the police on Thursday on safety concerns. An appeal board upheld the police's decision on Friday, on the grounds that it poses the risk of violent clashes between protesters and villagers in the district.

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The recent performances of China's capital markets showed that such impact had already been absorbed, suggesting growing resilience, higher risk-resisting capability, improved market rationality and more effective market environment, Yi Huiman, head of the China Securities Regulatory Commission told Xinhua in an interview.

The rally started at 5 pm, when people from all walks of life took the stage to share their thoughts and common wishes. They included people from the education and legal sectors, the entertainment industry and the business sector.

The recall, which started on Friday, involves 2,339 Kia Carnival minivans manufactured between March 19, 2015 and Feb. 12, 2018, the GAC said on its website.

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The recovery operations are currently ongoing at the crash site and an investigation is underway.

The recent fluctuations in the RMB exchange rate have prompted some discussions and concerns. Persistent depreciation of the RMB will only do more harm than good to China. Therefore we will not engage in competitive devaluation. Instead, we will work to create conditions for keeping the value of the yuan stable. Given the healthy fundamentals of the Chinese economy, the sound balance of international payments and abundant foreign exchange reserves, there is no basis for persistent depreciation of the RMB. There is every reason that the RMB exchange rate will remain basically stable at an adaptive and equilibrium level.

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The reading marked a 70-percent increase over December and over 10 percent of Geely's annual sales target.

The rapid development can be attributed to the continuous investment in research and development, with its expenditure surging 83.6 percent in the same period to 318.3 billion yuan.