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Wang Yinchuan, head of the budget department of Chongqing finance bureau, said: "When we were selecting projects, we always considered the borrowers' ability to repay as soon as in five years."

Wang made a final statement and pleaded guilty in court on Thursday. The Harbin Intermediate People's Court said a verdict would be given at a later date.

Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and vice premier, met with the congress delegates and gave a congratulatory speech on behalf of the CPC Central Committee.

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Wang said that at the same time, China has enhanced South-South Cooperation and collaborated with other countries to build a green and sustainable Belt and Road Initiative.

Wang added that the output value of the IoT industries in Wuxi High-tech District exceeded 140 billion yuan last year, and the year-on-year growth rate reached 16.4 percent in the first half year, as it continued to maintain a rapid development momentum.

Wang confessed to his crimes during the trial, according to the court. Sentence will be announced at a later date.

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Wang said managing veterans affairs also requires robust legislative support. China will therefore speed up the process of creating various laws and regulations that can protect the rights and interests of retired veterans.

Wang reported negative result in his nucleic acid testing on Oct 5, but his nucleic acid testing result came out positive in the latest routine test conducted on Oct 15, said the statement.

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Wang said China and Norway should mutually respect core interests and major concerns, consolidate mutual trust so as to continuously develop future for the bilateral relations.

Wang Zhi, director of the Research Center of Global Value Chains at the University of International Business and Economics in Beijing, said that the vigorous growth of energy and resources product imports has benefited from domestic market demand and eased resource constraints in economic development.