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The challenge will be figuring what to focus on.

The city's successful control of such crimes has yielded a model that could be followed elsewhere.

The central bank first issued such bills in Hong Kong in November 2018, raising 20 billion yuan. It then issued bills in February, May, June, August, September, November and December in 2019, raising a total of 120 billion yuan.

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The change came when it was announced on April 1 that China will establish the Xiongan New Area in his part of Hebei. The area will hold the same national significance as the Shenzhen Special Economic Zone and the Shanghai Pudong New Area, according to a circular issued by the Communist Party of China Central Committee and the State Council.

The central government's intention to control public sector leverage remains unchanged. [Photo/VCG]

The city of Austin, Texas. (Flickr Photo / Stuart Seeger)

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The central authorities' initiative to accelerate the renovation of old urban residential communities will help keep investment expansion steady and spur domestic demand while improving people's livelihoods, a senior official with the country's top housing authority said.

The central bank conducted 160 billion yuan (about billion) of seven-day reverse repos, 130 billion yuan of 28-day reverse repos and 60 billion yuan of 63-day reverse repos, pumping a total of 350 billion yuan into the market.

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The city's industrial restructuring and its favorable policies to boost the business environment bolstered the confidence of foreign companies.

The challenges were magnified by the ongoing novel coronavirus outbreak, which has prevented workers from reaching jobs and led to poor sales of farm produce.