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Just like in other sectors related to sharing economy, smaller co-working space firms were acquired by bigger ones. Competition has focused more on quality of services and operation, according to a recent report released by domestic online-to-offline or O2O commercial real estate service platform Haozu and the China Real Estate Chamber of Commerce.

Jointly issued by the Ministry of Civil Affairs, the Supreme People's Court and 10 other departments, the guideline defined children with both parents serving prison terms or undergoing drug rehabilitation for more than six months as de facto orphans. This puts them in the same category as children who have sick, disabled parents or parents who have been declared missing. Children with one imprisoned parent and one parent declared missing or deceased will also be placed under the category, the guideline said.

Joyoung, one of China's leading home appliance manufacturers and soybean milk machine makers, said small household appliances have been gaining traction in China since the outbreak of COVID-19, as tens of millions of Chinese were confined indoors due to restrictions on large gatherings and travel.

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Jointly released by the China Disabled Person's Federation (CDPF), the State Council Leading Group Office of Poverty Alleviation and Development, and other departments Monday, the plan calls for improved medical assistance to severely disabled people in registered impoverished families.

Jurgen Conrad, head of the economics unit at the ADB China Resident Mission, said such efforts included continued financial reforms to attract savings to the most productive projects, encouraging investments in innovation and a movement toward higher technology in the production chain.

John Edwards, Britain's consul general in Shanghai, said such a significant drop is a problem.

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Jianke launched its first DTP pharmacy as early as in September 2016. It has now signed strategic partnerships with more than 1,000 domestic and international pharmaceutical enterprises. Currently, Jianke offers 680,000 stock keeping units, with 170,000 drug stock keeping units, including conventional drugs, newly approved drugs, specialty, and rare disease drugs.

Joining hands with major real-estate developers, China Construction Bank Corp has launched a new loans product for tenants as the Shenzhen municipal government strives to promote rental housing in the city. Qilai Shen / Bloomberg

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Jinan, Shandong province, and Ulaanqab in the Inner Mongolia autonomous region both reported deadly production accidents in April, with 10 people killed at Qilu Tianhe Pharmaceutical Co in Jinan and four dead and 35 injured at Dongxing Chemical Co in Ulaanqab.

John L. Thornton, chairman of the board at The Brookings Institution, a US-based think tank, said that China's pursuit of higher-quality growth in the new era is good not only for China but also for the world.