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The IMF data showed total allocated reserves increased to .73 trillion in the fourth quarter of 2018.

The Hong Kong General Chamber of Commerce called the speech "visionary" in a way that will address the city's difficulties.

The Hong Kong government formally scrapped the bill on Oct 23.

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The Fuzhou, Fujian province-based Eternity is also expected to go public next year in the overseas market, Xiong said.

The Hong Kong-Zhuhai-Macao Bridge is a landmark project of the Greater Bay Area development. [Photo by Wang Jiaxin/For China Daily]

The Hangzhou company said mobile payment saves passengers' time and will help shorten queues at rush hours. Passing through the ticketing gate is now 2.5 times faster.

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The Fed noted that the virus and the measures taken to protect public health "are inducing sharp declines in economic activity and a surge in job losses," which have also significantly affected financial conditions.

The Fed reduced the rate range from 2.00-2.25 percent from 2.25-2.50 percent, making it cheaper for businesses to borrow to expand and for consumers to buy on credit.

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The Foreign Ministry confirmed on Friday that a United States pilot for FedEx Corp was detained in Guangzhou, Guangdong province, on Sept 12 due to items found in his checked luggage.

The Food-and Drug-Related Crime Investigation Bureau was officially established on Saturday, with Lyu Wuqin, former director of the ministry's auditing bureau, named as its head.