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The average price of flights was 30 percent lower than during the holiday in 2019 and hotels have been putting on sales with average savings of 25 percent, according to Qunar, an online travel service in Beijing.

The automaker did not reveal details including the number of vehicles in its fleet and its target customers, but it said more information will be released in December.

The best means of regulating and facilitating global trade and investment is the multilateral system, Lamy said, and he suggested that China can "strengthen multilateralism" in trade and "help create a multilateral system" in investment.

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The authorities will step up efforts to develop ecologically friendly aquaculture to improve the quality of farmed fish and shellfish and minimize the environmental impact of raising them, according to the guideline jointly released by 10 central government agencies, including the Ministry of Agriculture and Rural Affairs.

The bank has been working with Ant Financial since 2012, on funding settlement, foreign exchange services and Alipay wallet-related solutions.

The biggest value creation will probably be in reducing cost of the value chain and creating new services. As reinsurers, we should focus on digital innovations that are relevant for the primary insurance industry and where we can help our clients to develop themselves in these areas.

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The beach at Fujiazhuang Park in Dalian is packed with tourists. [Photo by Wang Hua/provided to chinadaily.com.cn]

The author is deputy head of Digital Currency Institute, People's Bank of China, the central bank.

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The biennial event aims to boost bilateral cooperation in politics, economy, education, health and culture, and to facilitate the Belt and Road Initiative and China-Mongolia-Russia Economic Corridor.

The author is a China Daily correspondent based in Sydney.