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The money will support top-level experts and young elites from home and abroad to boost development and innovation, according to the Chinese Academy of Agricultural Sciences, which will handle the payouts.

The move comes as China is expediting its research and development of core chip technologies, narrowing the gap between its integrated circuit industry and those of the world's leading nations in this field.

The ministry's description of a combination of "quantitative and quality measures" under consideration indicates that the trade war will enter a new stage, experts said. While countermeasures are less likely to hit products worth billions of dollars, what is more important is the quality and effectiveness of the measures, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

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The nation is streamlining the corporate debt issuance approval procedure for "high-quality" corporate bonds, highlighting the need to raise money to support non-financial sectors, with specific criteria defining qualified issuers coming out soon, according to officials from the top economic regulator.

The move is aimed at solving existing problems such as unclear responsibilities, cross-regulation, and absence of supervision.

The move follows an agreement between the two companies in December that saw TCL become the manufacturer of BlackBerry smartphones, as BlackBerry moves away to focus on its security software business.

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The move also comes as the country has vowed to further slash overcapacity and improve efficiencies among industrial giants.

The move doesn't immediately end the company's longest strike since 2007, but will come as a relief to the union and the automaker. GM will have lost .5 billion in profits to date if the deal is approved, according to an estimate from the Anderson Economic Group.

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The most commonly-discovered animals in the area include spiders, shrimp, hedgehogs, snakes and glowworms, but some species can be hard to track.

The move came after the country banned local governments from borrowing from banks to finance land purchases and preparations for property development last year.