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The authorities also encourage banks to work closely with car importers to offer them better financial support, according to the guideline.

The bank has acted as a middleman by extending credit to the company for the money it is owed from clients.

The bank also conducted 50 billion yuan of 14-day reverse repos, priced at 2.6 percent.

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The authorities haven't released information on the victims, but televised reports have shown several victims in their teens and early 20s.

The association said the sector will return to last year's level in the second half of the year, but it will be exceedingly difficult to recoup losses in the first half.

The biennial event is a gathering of all major global aviation players, such as Boeing, Airbus, Honeywell, Rolls-Royce, Pratt & Whitney and Safran etc..

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The author is director of University and Careers Counselling and Dulwich College International.

The best player in college basketball took a tumble in a big game — and so did shares of Nike Inc a day later.

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The bank is hoping to capture "huge" opportunities that have presented themselves because of the opening up of an infrastructure financing gap in the countries and regions related to the program, said Zhang Hongli, vice-president of ICBC.

The associations of self-employed workers and private businesses should play their roles effectively in creating bridges and building platforms for business development and creation of an enabling climate, Xi said.