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There's no doubt fiscal tools have taken on a prime role in the national effort to mitigate the adverse effects of the COVID-19 pandemic. The Ministry of Finance has already taken 87 measures since the outbreak. These include acceleration of unemployment insurance disbursement to support households, temporary tax relief, and deferral of tax payments for businesses in affected sectors and regions.

There were thousands of such small or medium-sized firms that focused on generics, active pharmaceutical ingredients and traditional Chinese medicine. However, regulatory reform starting in 2015 proved to be a game-changer.

These policies have helped the company to reduce electricity costs by 8.03 million yuan, which made up 13 percent of the company's total profit, Zhou said.

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These commodities of everyday convenience, which seem commonplace in developed areas, were luxurious and beyond imagination for Matkerim's family.

There is still enough room to adjust the fiscal spending structure, so that the funds can be used to support epidemic control and production resumption efforts, he said. "As the epidemic is gradually easing, the economy will rebound and the discrepancy between government revenue and expenditure will be narrowed."

There would be over 20 events citywide, involving organizations such as Choose Chicago, the Art Institute of Chicago, the Chicago Symphony Center, Chicago Bulls, and the Chinese Fine Arts Society.

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These efforts resulted in innovations like the use of plant-based and biodegradable polymers, as well as improved technologies for recycling plastic and reducing plastic toxicity, thus laying the foundation for a circular economy-an economic system that aims at eliminating waste and the continual use of resources.

There were only two "model CPPCC participants" when student attendance was first allowed in 2016.

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There're good reasons for Hong Kong investors to shed from their portfolios the high-risk stocks in the technology sector that are fast falling out of favor as their promise of high growth is looking less and less credible amid escalating trade tensions and falling consumer demand.

These new deals are expected to help promote the development of IoT, integrated circuits (IC), intelligent manufacturing, digital film, internet of vehicles (IoV) and satellite communications and positioning.