Local firefighters have been dispatched to the scene and search and rescue operations are ongoing.
Liu suggested that Chinese companies should recruit both Chinese and foreign executives, especially those with work experience in renowned local companies.
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Looking ahead, emerging industry stocks are worth investing in, while investors are suggested to avoid purchasing stocks which have seen abnormal surges in recent weeks, Founder Securities said.
Locals sat side by side on long wooden benches, tucking into fried pastries stuffed with yak meat for a hearty traditional breakfast and drinking sweet milk tea in small glasses.
Local governments face "relative high pressure" as they continue to promote shantytown projects while trying to repay debts and curb the incremental debts amid efforts to fend off financial risks, according to a report released by the Ministry of Finance in May.
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Local housing market policy changes gave rise to concerns that China is thawing its stance on property market management after a slew of tightening measures last year.
Local governments will be encouraged to set up funds for college graduates to start their own businesses, and one-time subsidies will be granted to those who have difficulty finding a job in some pilot regions.
Loongson's users, including Lenovo and the China Academy of Launch Vehicle Technology, also released products based on Loongson's new generation processors, such as desktop computers, notebooks, servers, network security equipment and industrial control computers.
Local growers plant hazelnut trees in Oregon. [Photo provided by Northwest Hazelnut Co.]