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The Treasury official noted that benefits of the agreement will far outweigh the loss of tax revenue.

The Shenzhen company runs a large network of entertainment facilities and has sold 5 million bottles of imported wine since last year.

The Supreme People's Court signed an agreement with the State Administration of Cultural Heritage on Monday to strengthen legal protection on relics as well as increase cooperation on efforts to return heritages from overseas.

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The State Flood Control and Drought Relief Headquarters said that, as of 8 pm Saturday, the water flow at monitoring stations 60 kilometers and 190 km downstream from the barrier lake was 2,270 cubic meters per second and 7,060 cu m/s respectively.

The Shenzhen-listed New Hope achieved sales revenue of 69.06 billion yuan last year, up 10.38 percent year-on-year. Its net profit reached 1.7 billion yuan, falling 25.23 percent over the previous year. The number of pigs it bred last year remains among the top four nationwide, according to its earnings.

The State Post Bureau predicted the number of packages handled between Nov 11 and 16 will rise to 1.5 billion, up 35 percent from the same period a year ago. The daily volume could hit 340 million, three times the usual level.

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The TNGA-based models include the Avalon hybrid, as well as hybrid versions of the Camry, Corolla and Levin sedans.

The Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative, known as Belt and Road Initiative, was proposed by China in 2013 with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

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The Solomon Islands will greatly benefit from the Belt and Road Initiative and will pump in a lot of infrastructure development that are directly linked to spur its economic development, he added.

The South Korean air force scrambled fighter jets, such as F-15K and KF-16, firing warning shots at the Russian aircraft.