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Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

Unlike traditional fuels, such as petrol and diesel, hydrogen produces no pollution when burned. With hydrogen fuel cell vehicles becoming increasingly significant in global energy transformation and reducing global warming, such energy already is developed and used by both domestic and global auto manufacturers to power vehicles and generate electricity.

Under the circumstances, "many market players are expecting further and stronger measures to reduce taxes and administrative fees", he added.

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Underpinning these shifting dynamics is the upcoming presidential election. Vice President Joe Biden is campaigning, in part, on a plan to bolster unions that won support from the AFL-CIO.

Under the surrogate country approach, WTO members use costs of production in a third country to calculate the value of products from countries on its "non-market economy" list, which includes China.

United Nations Secretary-General Antonio Guterres (L) makes remarks on the Implementation of the Declaration of Commitment on HIV/AIDS and the political declarations on HIV/AIDS, at the UN headquarters in New York, June 12, 2018. [Photo/Xinhua]

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Under a level-IV emergency response, monitoring of emergencies is enhanced and reported to the State Council.

Under a plan of massive transformation of the railway station into one of the city's most sparkling new projects, the Myanmar authorities invited local and international investors in 2014 to undertake design-and-build work for the comprehensive development of the over 130-year-old railway station in accordance with international rules and regulations.

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Unlike many economies, China has faced manageable supply chain risks as it is increasingly less reliant on manufacturing FDI over the past several months, said Zhang Shenfeng, vice-chairman of the China Council for the Promotion of International Trade.

Under the guidance of the China Federation of Literary and Art Circles, the festival was jointly organized by the China Film Association and the municipal government of Wuhan.