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The regulation was issued Thursday in Guizhou, the birthplace of the Moutai liquor, produced by Kweichow Moutai Co Ltd.

The report of the Standing Committee of the National People's Congress (NPC) was submitted to the third session of the 13th NPC for deliberation. Li Zhanshu, chairman of the NPC Standing Committee, delivered the report.

The report says growth in the Pacific is also expected to remain at 2.9 percent in 2017 and 3.3 percent in 2018 with Papua New Guinea, the subregion's largest economy, continuing its gradual recovery due to rebounding mining and agriculture industries. Stronger tourism prospects are also expected to drive growth further in the subregion, particularly in Fiji and Palau.

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The report suggested that the central government insists on the principle that "housing is for living in, not for speculation," and maintain the stability of credit scale in the real estate market.

The regulatory changes are in response to advocacy by trade groups in India. Local vendors are concerned that foreign retailers are creating unfair market dynamics and making it difficult to compete, according to Reuters.

The region will coordinate economic development with environmental protection. It will create more jobs at national parks and develop tourism. Living conditions for border residents will be improved, he said.

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The regional economic momentum was driven by robust domestic demand and a gradual recovery in the global economy and commodity prices, the World Bank said in a report titled "East Asia and Pacific Economic Update."

The regulator will suspend Sealand Securities' registration of asset management products for one year and will ban the firm from opening new securities accounts for its clients for one year.

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The report covered responses from 176 executives based on the Chinese mainland and in Hong Kong between September and October 2018.

The regulation made public on Friday also stipulates that Party committees at both the central and provincial levels should conduct inspections on Party organizations of all localities, departments, public institutions and enterprises under their jurisdiction.