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The increasingly tightening credit policy will further squeeze the sales of China Vanke, Zhu Xu said.

The inaugural campaign, kicked off on Tuesday in central Shanghai's Jing'an district, saw the release of new beauty and skincare products from international cosmetics names like L'Oreal, Estee Lauder and Sisley.

The international airport terminal project was executed by China Civil Engineering Construction Corporation which is involved in many ongoing infrastructural projects, including rail and road construction in Nigeria.

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The hotel is participating in the local tourism authority's China Ready program which means Chinese guests will be able to scan a QR code at the front desk for assistance in their own language. There will also be a Mandarin version of room service menus.

The initiative aims to maintain economic growth in China and increase economic cooperation with countries around the world along key land and sea transport routes.

The initiative, established in 1995 and originally known as the Tumen River Area Development Programme, is an intergovernmental cooperation mechanism among four countries: China, Mongolia, Republic of Korea and Russia. It is supported by the United Nations Development Programme.

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The initiative is very important to foster regional cooperation in areas of trade, investment and finance and to provide much needed infrastructure for the region, Furusawa said in an exclusive interview with Xinhua here on the sidelines of the 50th annual meeting of the Asian Development Bank.

The individual straws then moved on a conveyer belt and were bundled together by the hundreds.

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The industrial output figures were released by the NBS along with a slew of other major economic indicators for the first five months, including retail sales and fixed-asset investment.

The inspection is designed to facilitate implementation of the law among various government agencies, said Li Zhanshu, chairman of the NPC Standing Committee, while presiding over the first plenary meeting of the program Tuesday.