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The three destinations also inked agreements with Ctrip.com, a Shanghai-based online travel agency, for further cooperation on marketing, activity-planning and communication.

The total area of the project will be more than 1 million square meters, covering offices and residential property. It will also include the construction of sports and social infrastructure facilities as well as recreational and park zones. The term sheet was signed on Saturday in Beijing.

The three new prospective nonregional members will officially join AIIB once they complete the required domestic processes and deposit the first capital installment with the bank.

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The three-day forum attracted more than 50 experts from semiconductor organizations from the United States, the United Kingdom, Germany, Italy, Hong Kong and Taiwan to deliver speeches and share their ideas.

The top-level policymakers' attitude toward debt control has changed from "reducing the leveraging level" to maintaining the current leverage level. "And the deleveraging process may be extended, not only for three years as we planned before, but for a longer period," said Li Yang, former vice-president of Chinese Academy of Social Sciences.

The top-level guiding document showcases the leadership's determination to further rein in debt risks, as off-budget local government debt has the potential to increase, said Qiao.

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The top seller, which bundles kits that test both blood and fluid from the cheeks and gums, claims monthly sales of about 20,000 units.

The total number of vehicles imported under the parallel-import scheme this month to the Tianjin Port Free Trade Zone will hit 10,000 units.

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The total value of overseas investment in the city now stands at approximately 5.1 billion, ranking first among Chinese mainland cities, according to the government.

The technology solves another problem as well: depreciation. Electric cars are more expensive than gasoline ones because of the batteries, which usually account for some 40 percent of a vehicle's cost. Added to this, as scientists develop batteries with longer ranges, it becomes harder for second-hand electric cars to fetch a decent price compared to gasoline ones.