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Industry insiders consider Yili's intended acquisition of Stonyfield reflects Chinese dairy makers' growing interest in the low-temperature dairy products market. According to the Dairy Association of China, the country's low-temperature dairy product industry, especially pasteurized milk, grew by over 20 percent annually in the past three years.

Inbound FDI fell by 0.1 percent year-on-year to 441.54 billion yuan (.5 billion) in the first half of this year, but the number of newly launched foreign enterprises in China was up by 12.3 percent, according to the Ministry of Commerce. In a sign of stabilizing FDI, the inflow rose by 2.3 percent year-on-year in June to 100.45 billion yuan.

Income tax shall be levied at a reduced rate of 15 percent within five years from establishment for qualified enterprises engaged in manufacturing and R&D in key fields including integrated circuits, artificial intelligence, biomedicine and civil aviation, says the plan.

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Indonesia's General Elections Commission, or KPU, said more than 190 million eligible voters have registered to vote in 524 regencies and municipalities across the country.

Infectious diseases expert Tsang Kay-yan said the pandemic may last for another six to eight weeks and the increasing daily spike is expected to place more pressure on local virus testing agencies, which are already strained.

In their December reports, both the International Monetary Fund (IMF) and the World Bank have noted the potential risk in China's financial system as well as China's concern and precautions regarding the risk.

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Industry giant AIA will likely be the first wholly-owned foreign life insurance company in the country, according to public information released on Jan 9. Prior to that, three asset management companies of foreign insurers began operations last year.

Indonesia's high internet access has also attracted successful Chinese e-commerce companies to invest and do business online in the island country. In August 2017, Alibaba Group invested in Indonesia's largest e-commerce platform Tokopedia, and built the Indonesian version of "Taobao". JD.com and Tencent Holdings Limited also invested in Indonesia, making it the largest e-commerce market in Southeast Asia, offering Indonesian customers competitive products and services, as well as bringing development opportunities for 60 million Indonesian SMEs.

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Included in the program is a million investment specifically for the purpose of helping Chinese companies participate in the Belt and Road Initiative on a global scale.

Initial investigations indicated that the fire was set deliberately and a suspect has been detained by police.