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Such measures have benefited over 3 million people nationwide, saving them over 100 million yuan (.4 million) in just two weeks since their launch on June 1, the bureau said.

Such measures will leave no space for local governments to raise money through illegal channels or to misuse funds to repay debts, according to Zhang Yiping, an analyst with China Merchant Securities.

Steve Jones

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Strong ties between Hong Kong and Japan will facilitate the special administrative region's efforts to help strengthen connections between Japan and the Guangdong-Hong Kong-Macao Greater Bay Area, SAR Chief Executive Carrie Lam Cheng Yuet-ngor said on Tuesday.

Still image from the second season of Once Upon a Bite features raw crabs marinated in soy sauce. [Photo provided to China Daily]

Such dynamism has been largely fueled by exponential growth from notably smaller cities and townships, offering promising signs for investors that the nation's consumption potential is yet to be fully unlocked.

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Stock Connect also helped pave the way for the launch of Bond Connect in 2017.

Stocks of major airlines are down sharply from their 52-week highs as demand for travel collapsed during the pandemic.

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Strict evaluations and inspections must carried out to ensure poverty alleviation goals are achieved, Zuo added, noting the importance of building people's confidence in their ability to lift themselves out of poverty.

Such acts are shortsighted and destructive, the Russian prime minister said, adding Moscow and Beijing should intensify their strategic coordination, and join hands to deal with the common challenges faced by both countries as well as the international community to safeguard world peace and development.