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Pinduoduo has already seen the big potential in the spending power of lower-tier city folk and townspeople, with its unique business strategy that aimed at capturing the large number of deal-seeking users via team purchasing. And it has already made a name.
Ping An Bank Co Ltd, another commercial lender headquartered in Shenzhen, Guangdong province, also saw its NPL ratio fall 7 basis points from the end of last year to 1.68 percent at the end of June.
Police officers work on a crime scene after eight people believed to be illegal immigrants being smuggled into the United States were found dead inside a sweltering 18-wheeler trailer parked behind a Walmart store in San Antonio, Texas, US July 23, 2017. [Photo/VCG]
Police in Liyang, Jiangsu province, have detained a nanny who allegedly killed an elderly woman she had cared for.
Police in Hangzhou, Zhejiang province, have detained a dog owner who allegedly attacked a mother in front of her two young children on Saturday on charges of picking quarrels and provoking troubles.
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Policymakers are hinting at taking additional monetary action, coordinated with fiscal measures, to support China's resuming economic activity as the novel coronavirus outbreak is basically controlled domestically, and they expect the recovery will rely largely on domestic demand.
Police officers surround a suspect who was shooting outside the Cathedral Church of St. John the Divine in the Manhattan borough of New York City, New York, US, Dec 13, 2020. [Photo/Agencies]
Pinera also pledged a state subsidy to increase the minimum wage to 350,000 pesos (2) a month and said the government would introduce health insurance for medications, which are among the most expensive in the region.
Polyolefins are extracted from petroleum, but China is a country with rich coal reserves and a shortage of crude oil, he said.