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However, multilateralism and international cooperation have brought hope to some vulnerable countries, economies and people, Akhtar said.

However, signals showed that the appreciation may not last long, as banks purchased more foreign exchanges than the total sell in November 2017, which resulted into a deficit of .52 billion, the largest deficit since August 2017.

However, the report warned that instead of supply chain disruption, insufficient demand has become the greatest obstacle hampering China's economic recovery. It urged efforts to fully expand domestic demand and restore the regular market cycle.

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Hu called for greater efforts to support the development of ethnic minority areas to ensure all ethnic groups to march into a moderately prosperous society side by side.

However, since the provincial government launched its Jinxiu Plan－to promote the development of the local handicraft industry－in 2013, around half a million women in Guizhou have found employment closer to home with the more than 1,000 handicraft enterprises and professional cooperatives that make up a 6 billion yuan (9 million) industry.

Hu, also chief of the State Council leading group on poverty alleviation and development, made the remarks while presiding over a meeting of the leading group in Beijing.

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However, the prices of Brilliance China's shares listed on the Hong Kong Stock Exchange tumbled 12.5 percent Thursday following the news of BMW's plan to raise its equity in the joint venture.

However, the idea of duonian, or "escaping" from the Spring Festival is also gaining popularity throughout China. Growing numbers of urban professionals enjoy escaping the mainland for international vacations, while migrant workers are increasingly forgoing trips home to skip the financial burden of the gifts expected to accompany their arrival.

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However, securing more housing resources seems to be less important than before, as Xiong Lin, CEO of the company, has merely mentioned it in the 2018 agenda. Instead, he is heavily emphasizing the service side, making Ziroom's apartments more appealing to young, white-collar city workers.

However, the county's business landscape was transformed in 1993, when the Jiashan Economic and Technological Development Zone was founded to drive growth. Science and technology have since become the cornerstones of the county's success.