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Liu said that due to the inertia of the conventional way of running businesses, many Chinese companies lack sustainability.

Lin Zeyan, director of the economy department of the All-China Federation of Industry and Commerce, said private businesses have become a vibrant part of the national economic development, as they play a key role in creating new jobs, expanding effective investment, driving technological innovation and boosting foreign trade growth.

Liu Xiaochun, president of Hangzhou-based CZBank, said the commercial banks have gradually switched from pursuing high investment returns from financial products.

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Liu Xin, the roommate of Jiang Ge, will appear in court as a witness.

Lin arrived in Lhasa, the capital of the Tibet autonomous region, on July 21 and returned home recently.

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Liu Changlong, Changchun's mayor, said at the opening ceremony that the move will give an impetus to the city's economy and further integrate Changchun with the rest of the world.

Liu said China-Africa people-to-people exchanges should pay special attention to the needs of young Africans since they account for a large percentage of the population and face challenges such as unemployment.

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Liu said he believes the reform in China's Nasdaq-style board of growth enterprises could also speed up the exit process substantially so that the financial pressure on venture capital firms could be lifted.

Lin knew he could hire enough hands within a short period of time－he contacted a jail and was able to employ 40 newly released prisoners immediately. The project was delivered on time.