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The new regulations indicate "the financial departments of local governments at all levels are responsible for the unified management of local government debts", which is helpful to restrain local authorities' impulse to borrow too much money, Liu added.

The new instances and storage are in direct competition with new high-performance products unveiled by Microsoft and Google over the past month for Azure and Google Cloud Platform, respectively.

The net financing of private enterprises hit 20 billion yuan, according to the NAFMII.

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The new product frees up a good deal of liquidity that otherwise would have been locked in e-commerce platforms, and stands as a vivid example of how insurance can be used creatively to address financing needs.

The national guideline has set the direction for industrial internet growth for a certain period of time, and related policy incentives are expected to come out in the future, said Wang Jun, professor at the China Center for International Economic Exchanges.

The new quarantine arrangements, valid for three months, were officially in place after the government gazetted on Wednesday night Compulsory Quarantine of Persons Arriving at Hong Kong from Foreign Places Regulation.

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The new Alibaba deal came at a time when US fashion brands are striving to capture Chinese consumers' growing appetite for fashion.

The new volume depicts the practices of the CPC Central Committee with Xi at the core in uniting and leading the Chinese people to uphold and develop socialism with Chinese characteristics in a new era.

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The new infrastructure is becoming a new opportunity for foreign companies to invest in China amid the global economic recession since the COVID-19 outbreak. The huge market is bound to attract foreign companies, said Zhu Keli, a researcher on the new economy with the Development Research Center of the State Council.

The new route to Munich will help lower transportation costs to southern and central European countries, said Huo Xiaohua, a customs manager with Zhengzhou International Hub Development and Construction Co, Ltd.