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The report also found that 48 percent of respondents said they smoked, and only 43 percent said they watched their diet. And 55 percent said the cost of healthcare stops them from going to a doctor. On the positive side, more than 90 percent of Chinese New Yorkers have healthcare insurance, the survey found.

The report also found shortcomings in the current structure of digital talents as more than 85 percent of them specialize in product research and development, while those engaged in big data analysis, advanced manufacturing, and digital marketing accounted for less than 5 percent of the total.

The report showed for the year 2020 the region will ensure its total fixed-asset investments will rise by five percent, and it expects the Ngari prefecture to be linked with the state power grid.

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The regulation on review and management of representative office of foreign enterprises in China was abolished, the Ministry of Commerce said in a statement published on its official website.

The regulator will give banks and insurers the impetus to better support capital market construction and encourage them to play a bigger role in increasing the portion of direct investment among total investment, he added.

The registration-based IPO system, which simplifies and shortens the previously lengthy approval process that companies had to go through before they were allowed to float shares on mainland stock markets, was first successfully tried out on Shanghai's new Nasdaq-style sci-tech board.

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The report of China Association of Automobile Manufactures also noted that overall the decline in commercial vehicle sales was lower than that of passenger vehicles.

The report also warned the country's authority to address financial consumer protection risks given the limited digital and financial literacy of many consumers.

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The report focuses on the efforts of the Political Bureau of the CPC Central Committee in implementing the eight-point frugality code, which was introduced in 2012, and the political bureau's role in leading the Party to improve work styles.

The registered capital of the newly registered companies totaled 827.1 billion yuan (5.15 billion), up 33.9 percent year-on-year.