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The ministry said it has instructed public security organs nationwide to coordinate with market regulators to crack down on price gouging and other violations.

The meeting followed October's 19th National Congress of the Communist Party of China, which established China's future strategic direction. The National Congress proclaimed that China is entering a new era of socialism with Chinese characteristics, under which it will further open up its economy, promote cooperation under the Belt and Road Initiative, and favor extensive consultation, joint efforts, and shared benefits.

The market value of four Hong Kong-listed mainland companies — Alibaba, Tencent, MeituanDianping and Xiaomi — accounts for a combined 27 percent of the Hong Kong stock market capitalization, and their turnover accounts for 18 percent of total market turnover, according to Tan.

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The minimum subsistence allowance in Tibet has been raised to an annual amount of 4,713 yuan (about 3) per person in 2020, from 2,350 yuan in 2015, according to Yang.

The maximum number of people gathering at public venues, including restaurants, will be raised to eight from four.

The meeting covered a wide range of issues from trade and investment, climate change and biodiversity to the response to the COVID-19 pandemic and international affairs.

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The meeting was attended by the defense ministers from 10 ASEAN countries and their eight partners - China, Russia, the United States, Australia, India, Japan, New Zealand and the Republic of Korea. Two joint statements were issued: Preventing and Countering the Threat of Terrorism, and Practical Confidence-Building Measures.

The ministry plans to close some irregular projects, especially those that "rely on government expenditure" or do not supply public goods, after a re-evaluation process, even if they have been already approved, he said during a forum for PPP investment in Shanghai.

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The meeting will also discuss traditional medicine, which the president said is an important aspect of traditional culture.

The midscale market is growing fast with the purchasing power of Chinese people, he said.